AFSM vs. SPY
Compare and contrast key facts about First Trust Active Factor Small Cap ETF (AFSM) and SPDR S&P 500 ETF (SPY).
AFSM and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFSM is an actively managed fund by First Trust. It was launched on Dec 3, 2019. 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: AFSM or SPY.
Correlation
The correlation between AFSM and SPY is 0.78, 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
AFSM vs. SPY - Performance Comparison
Key characteristics
AFSM:
0.69
SPY:
2.17
AFSM:
1.11
SPY:
2.88
AFSM:
1.13
SPY:
1.41
AFSM:
1.46
SPY:
3.19
AFSM:
3.77
SPY:
14.10
AFSM:
3.58%
SPY:
1.90%
AFSM:
19.58%
SPY:
12.39%
AFSM:
-43.54%
SPY:
-55.19%
AFSM:
-8.77%
SPY:
-3.19%
Returns By Period
In the year-to-date period, AFSM achieves a 11.65% return, which is significantly lower than SPY's 24.97% return.
AFSM
11.65%
-4.20%
9.20%
11.87%
8.95%
N/A
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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AFSM vs. SPY - Expense Ratio Comparison
AFSM has a 0.77% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AFSM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Small Cap ETF (AFSM) 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
AFSM vs. SPY - Dividend Comparison
AFSM's dividend yield for the trailing twelve months is around 1.49%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFSM First Trust Active Factor Small Cap ETF | 1.49% | 0.92% | 1.28% | 0.36% | 0.53% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AFSM vs. SPY - Drawdown Comparison
The maximum AFSM drawdown since its inception was -43.54%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AFSM and SPY. For additional features, visit the drawdowns tool.
Volatility
AFSM vs. SPY - Volatility Comparison
First Trust Active Factor Small Cap ETF (AFSM) has a higher volatility of 5.75% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that AFSM'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.