AHLT vs. SPY
Compare and contrast key facts about American Beacon AHL Trend ETF (AHLT) and SPDR S&P 500 ETF (SPY).
AHLT and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AHLT is an actively managed fund by American Beacon. It was launched on Aug 30, 2023. 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: AHLT or SPY.
Key characteristics
| AHLT | SPY | |
|---|---|---|
| YTD Return | 2.55% | 27.04% |
| 1Y Return | -7.75% | 39.75% |
| Sharpe Ratio | -0.36 | 3.15 |
| Sortino Ratio | -0.37 | 4.19 |
| Omega Ratio | 0.95 | 1.59 |
| Calmar Ratio | -0.33 | 4.60 |
| Martin Ratio | -0.65 | 20.85 |
| Ulcer Index | 9.33% | 1.85% |
| Daily Std Dev | 17.13% | 12.29% |
| Max Drawdown | -18.28% | -55.19% |
| Current Drawdown | -14.21% | 0.00% |
Correlation
The correlation between AHLT and SPY is 0.35, 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
AHLT vs. SPY - Performance Comparison
In the year-to-date period, AHLT achieves a 2.55% return, which is significantly lower than SPY's 27.04% 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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AHLT vs. SPY - Expense Ratio Comparison
AHLT has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AHLT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Trend ETF (AHLT) 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
AHLT vs. SPY - Dividend Comparison
AHLT's dividend yield for the trailing twelve months is around 3.62%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHLT American Beacon AHL Trend ETF | 3.62% | 3.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
AHLT vs. SPY - Drawdown Comparison
The maximum AHLT drawdown since its inception was -18.28%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AHLT and SPY. For additional features, visit the drawdowns tool.
Volatility
AHLT vs. SPY - Volatility Comparison
American Beacon AHL Trend ETF (AHLT) has a higher volatility of 4.41% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that AHLT'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.