ADME vs. SPY
Compare and contrast key facts about Aptus Drawdown Managed Equity ETF (ADME) and SPDR S&P 500 ETF (SPY).
ADME and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADME is a passively managed fund by Aptus Capital Advisors that tracks the performance of the Aptus Behavioral Momentum Index. It was launched on Jun 8, 2016. 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. Both ADME and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADME or SPY.
Key characteristics
| ADME | SPY | |
|---|---|---|
| YTD Return | 18.53% | 18.37% |
| 1Y Return | 24.03% | 26.96% |
| 3Y Return (Ann) | 4.36% | 9.40% |
| 5Y Return (Ann) | 9.19% | 15.01% |
| Sharpe Ratio | 2.32 | 2.14 |
| Daily Std Dev | 10.80% | 12.67% |
| Max Drawdown | -27.49% | -55.19% |
| Current Drawdown | -0.45% | -1.02% |
Correlation
The correlation between ADME and SPY is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ADME vs. SPY - Performance Comparison
The year-to-date returns for both stocks are quite close, with ADME having a 18.53% return and SPY slightly lower at 18.37%. 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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ADME vs. SPY - Expense Ratio Comparison
ADME has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ADME vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) 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
ADME vs. SPY - Dividend Comparison
ADME's dividend yield for the trailing twelve months is around 0.61%, less than SPY's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 0.61% | 0.78% | 0.73% | 0.26% | 0.41% | 0.70% | 0.86% | 0.32% | 0.69% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ADME vs. SPY - Drawdown Comparison
The maximum ADME drawdown since its inception was -27.49%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ADME and SPY. For additional features, visit the drawdowns tool.
Volatility
ADME vs. SPY - Volatility Comparison
The current volatility for Aptus Drawdown Managed Equity ETF (ADME) is 3.87%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.24%. This indicates that ADME 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.