AADR vs. SPY
Compare and contrast key facts about AdvisorShares Dorsey Wright ADR ETF (AADR) and SPDR S&P 500 ETF (SPY).
AADR and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AADR is an actively managed fund by AdvisorShares. It was launched on Jul 20, 2010. 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: AADR or SPY.
Key characteristics
| AADR | SPY | |
|---|---|---|
| YTD Return | 18.59% | 24.15% |
| 1Y Return | 40.45% | 38.94% |
| 3Y Return (Ann) | 2.13% | 10.71% |
| 5Y Return (Ann) | 7.80% | 16.24% |
| 10Y Return (Ann) | 7.57% | 13.67% |
| Sharpe Ratio | 2.15 | 3.06 |
| Sortino Ratio | 2.89 | 4.07 |
| Omega Ratio | 1.37 | 1.56 |
| Calmar Ratio | 1.36 | 3.23 |
| Martin Ratio | 12.36 | 20.13 |
| Ulcer Index | 3.16% | 1.87% |
| Daily Std Dev | 18.18% | 12.32% |
| Max Drawdown | -45.01% | -55.19% |
| Current Drawdown | -0.12% | 0.00% |
Correlation
The correlation between AADR and SPY is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AADR vs. SPY - Performance Comparison
In the year-to-date period, AADR achieves a 18.59% return, which is significantly lower than SPY's 24.15% return. Over the past 10 years, AADR has underperformed SPY with an annualized return of 7.57%, while SPY has yielded a comparatively higher 13.67% 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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AADR vs. SPY - Expense Ratio Comparison
AADR has a 1.10% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AADR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Dorsey Wright ADR ETF (AADR) 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.
Dividends
AADR vs. SPY - Dividend Comparison
AADR's dividend yield for the trailing twelve months is around 1.64%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AADR AdvisorShares Dorsey Wright ADR ETF | 1.64% | 0.74% | 3.65% | 0.92% | 0.11% | 0.58% | 0.75% | 0.74% | 0.58% | 0.81% | 0.49% | 0.34% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AADR vs. SPY - Drawdown Comparison
The maximum AADR drawdown since its inception was -45.01%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AADR and SPY. For additional features, visit the drawdowns tool.
Volatility
AADR vs. SPY - Volatility Comparison
AdvisorShares Dorsey Wright ADR ETF (AADR) has a higher volatility of 5.17% compared to SPDR S&P 500 ETF (SPY) at 2.51%. This indicates that AADR'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.