^FVX vs. SPY
Compare and contrast key facts about Treasury Yield 5 Years (^FVX) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^FVX or SPY.
Key characteristics
| ^FVX | SPY | |
|---|---|---|
| YTD Return | -8.78% | 21.36% |
| 1Y Return | -24.55% | 35.16% |
| 3Y Return (Ann) | 50.40% | 11.28% |
| 5Y Return (Ann) | 17.64% | 15.91% |
| 10Y Return (Ann) | 7.01% | 13.24% |
| Sharpe Ratio | -1.01 | 2.89 |
| Daily Std Dev | 26.00% | 12.43% |
| Max Drawdown | -97.53% | -55.19% |
| Current Drawdown | -55.64% | -0.15% |
Correlation
The correlation between ^FVX and SPY is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^FVX vs. SPY - Performance Comparison
In the year-to-date period, ^FVX achieves a -8.78% return, which is significantly lower than SPY's 21.36% return. Over the past 10 years, ^FVX has underperformed SPY with an annualized return of 7.01%, while SPY has yielded a comparatively higher 13.24% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^FVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 5 Years (^FVX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^FVX vs. SPY - Drawdown Comparison
The maximum ^FVX drawdown since its inception was -97.53%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^FVX and SPY. For additional features, visit the drawdowns tool.
Volatility
^FVX vs. SPY - Volatility Comparison
Treasury Yield 5 Years (^FVX) has a higher volatility of 5.21% compared to SPDR S&P 500 ETF (SPY) at 3.93%. This indicates that ^FVX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.