Correlation
The correlation between APWEX and SPY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
APWEX vs. SPY
Compare and contrast key facts about Cavanal Hill World Energy Fund (APWEX) and SPDR S&P 500 ETF (SPY).
APWEX is managed by Cavanal Hill funds. It was launched on Feb 3, 2014. 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: APWEX or SPY.
Performance
APWEX vs. SPY - Performance Comparison
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Key characteristics
APWEX:
0.37
SPY:
0.70
APWEX:
0.59
SPY:
1.02
APWEX:
1.09
SPY:
1.15
APWEX:
0.37
SPY:
0.68
APWEX:
1.02
SPY:
2.57
APWEX:
8.44%
SPY:
4.93%
APWEX:
25.86%
SPY:
20.42%
APWEX:
-62.05%
SPY:
-55.19%
APWEX:
-5.79%
SPY:
-3.55%
Returns By Period
In the year-to-date period, APWEX achieves a 5.41% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, APWEX has underperformed SPY with an annualized return of 5.97%, while SPY has yielded a comparatively higher 12.73% annualized return.
APWEX
5.41%
11.31%
-1.28%
9.61%
5.85%
22.93%
5.97%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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APWEX vs. SPY - Expense Ratio Comparison
APWEX has a 1.15% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
APWEX vs. SPY — Risk-Adjusted Performance Rank
APWEX
SPY
APWEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill World Energy Fund (APWEX) 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.
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Dividends
APWEX vs. SPY - Dividend Comparison
APWEX's dividend yield for the trailing twelve months is around 0.89%, less than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APWEX Cavanal Hill World Energy Fund | 0.89% | 1.80% | 1.54% | 1.95% | 1.43% | 1.53% | 1.95% | 1.26% | 0.44% | 0.96% | 0.66% | 1.44% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
APWEX vs. SPY - Drawdown Comparison
The maximum APWEX drawdown since its inception was -62.05%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for APWEX and SPY.
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Volatility
APWEX vs. SPY - Volatility Comparison
Cavanal Hill World Energy Fund (APWEX) has a higher volatility of 5.14% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that APWEX'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.
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