AGOV vs. SPY
Compare and contrast key facts about Gavekal Asia Pacific Government Bond ETF (AGOV) and SPDR S&P 500 ETF (SPY).
AGOV and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGOV is an actively managed fund by Exchange Traded Concepts. It was launched on Jul 21, 2021. 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: AGOV or SPY.
Key characteristics
| AGOV | SPY |
|---|
Correlation
The correlation between AGOV and SPY is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AGOV vs. SPY - Performance Comparison
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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AGOV vs. SPY - Expense Ratio Comparison
AGOV has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AGOV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gavekal Asia Pacific Government Bond ETF (AGOV) 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
AGOV vs. SPY - Dividend Comparison
AGOV has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.33%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGOV Gavekal Asia Pacific Government Bond ETF | 0.00% | 0.00% | 2.20% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.33% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AGOV vs. SPY - Drawdown Comparison
Volatility
AGOV vs. SPY - Volatility Comparison
The current volatility for Gavekal Asia Pacific Government Bond ETF (AGOV) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.03%. This indicates that AGOV 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.