ADX vs. SPY
Compare and contrast key facts about Adams Diversified Equity Fund, Inc. (ADX) and SPDR S&P 500 ETF (SPY).
ADX is managed by Adams Funds. It was launched on Jan 2, 1990. 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: ADX or SPY.
Key characteristics
| ADX | SPY | |
|---|---|---|
| YTD Return | 30.02% | 26.77% |
| 1Y Return | 41.62% | 37.43% |
| 3Y Return (Ann) | 11.66% | 10.15% |
| 5Y Return (Ann) | 16.60% | 15.86% |
| 10Y Return (Ann) | 13.83% | 13.33% |
| Sharpe Ratio | 3.02 | 3.06 |
| Sortino Ratio | 4.02 | 4.08 |
| Omega Ratio | 1.54 | 1.58 |
| Calmar Ratio | 4.56 | 4.44 |
| Martin Ratio | 16.69 | 20.11 |
| Ulcer Index | 2.54% | 1.85% |
| Daily Std Dev | 14.02% | 12.18% |
| Max Drawdown | -60.58% | -55.19% |
| Current Drawdown | -0.36% | -0.31% |
Correlation
The correlation between ADX and SPY is 0.77, 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
ADX vs. SPY - Performance Comparison
In the year-to-date period, ADX achieves a 30.02% return, which is significantly higher than SPY's 26.77% return. Both investments have delivered pretty close results over the past 10 years, with ADX having a 13.83% annualized return and SPY not far behind at 13.33%. 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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ADX vs. SPY - Expense Ratio Comparison
ADX has a 0.59% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ADX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Adams Diversified Equity Fund, Inc. (ADX) 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
ADX vs. SPY - Dividend Comparison
ADX's dividend yield for the trailing twelve months is around 7.53%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADX Adams Diversified Equity Fund, Inc. | 7.53% | 7.34% | 7.36% | 1.13% | 5.96% | 9.00% | 15.85% | 9.18% | 1.57% | 1.17% | 8.63% | 6.43% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ADX vs. SPY - Drawdown Comparison
The maximum ADX drawdown since its inception was -60.58%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ADX and SPY. For additional features, visit the drawdowns tool.
Volatility
ADX vs. SPY - Volatility Comparison
Adams Diversified Equity Fund, Inc. (ADX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.74% and 3.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.