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AAA vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AAA and SPY is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.0

Performance

AAA vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAF First Priority CLO Bond ETF (AAA) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
17.82%
85.11%
AAA
SPY

Key characteristics

Sharpe Ratio

AAA:

3.65

SPY:

2.21

Sortino Ratio

AAA:

6.15

SPY:

2.93

Omega Ratio

AAA:

1.81

SPY:

1.41

Calmar Ratio

AAA:

18.15

SPY:

3.26

Martin Ratio

AAA:

70.08

SPY:

14.43

Ulcer Index

AAA:

0.10%

SPY:

1.90%

Daily Std Dev

AAA:

1.87%

SPY:

12.41%

Max Drawdown

AAA:

-2.63%

SPY:

-55.19%

Current Drawdown

AAA:

0.00%

SPY:

-2.74%

Returns By Period

In the year-to-date period, AAA achieves a 6.71% return, which is significantly lower than SPY's 25.54% return.


AAA

YTD

6.71%

1M

0.44%

6M

3.18%

1Y

6.92%

5Y*

N/A

10Y*

N/A

SPY

YTD

25.54%

1M

-0.42%

6M

8.90%

1Y

25.98%

5Y*

14.66%

10Y*

12.97%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


AAA vs. SPY - Expense Ratio Comparison

AAA has a 0.25% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


AAA
AAF First Priority CLO Bond ETF
Expense ratio chart for AAA: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

AAA vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) 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.


Sharpe ratio
The chart of Sharpe ratio for AAA, currently valued at 3.65, compared to the broader market0.002.004.003.652.21
The chart of Sortino ratio for AAA, currently valued at 6.15, compared to the broader market-2.000.002.004.006.008.0010.006.152.93
The chart of Omega ratio for AAA, currently valued at 1.81, compared to the broader market0.501.001.502.002.503.001.811.41
The chart of Calmar ratio for AAA, currently valued at 18.15, compared to the broader market0.005.0010.0015.0018.153.26
The chart of Martin ratio for AAA, currently valued at 70.08, compared to the broader market0.0020.0040.0060.0080.00100.0070.0814.43
AAA
SPY

The current AAA Sharpe Ratio is 3.65, which is higher than the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of AAA and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
3.65
2.21
AAA
SPY

Dividends

AAA vs. SPY - Dividend Comparison

AAA's dividend yield for the trailing twelve months is around 6.21%, more than SPY's 0.86% yield.


TTM20232022202120202019201820172016201520142013
AAA
AAF First Priority CLO Bond ETF
6.21%6.12%2.78%1.06%0.32%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
0.86%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

AAA vs. SPY - Drawdown Comparison

The maximum AAA drawdown since its inception was -2.63%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AAA and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember0
-2.74%
AAA
SPY

Volatility

AAA vs. SPY - Volatility Comparison

The current volatility for AAF First Priority CLO Bond ETF (AAA) is 0.54%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that AAA experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
0.54%
3.72%
AAA
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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