ARBFX vs. SPY
Compare and contrast key facts about The Arbitrage Fund (ARBFX) and SPDR S&P 500 ETF (SPY).
ARBFX is managed by Arbitrage Fund. It was launched on Sep 17, 2000. 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: ARBFX or SPY.
Correlation
The correlation between ARBFX and SPY is 0.50, 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.
Performance
ARBFX vs. SPY - Performance Comparison
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Key characteristics
ARBFX:
1.53
SPY:
0.50
ARBFX:
2.10
SPY:
0.88
ARBFX:
1.31
SPY:
1.13
ARBFX:
0.80
SPY:
0.56
ARBFX:
6.92
SPY:
2.17
ARBFX:
0.72%
SPY:
4.85%
ARBFX:
3.33%
SPY:
20.02%
ARBFX:
-17.77%
SPY:
-55.19%
ARBFX:
-1.35%
SPY:
-7.65%
Returns By Period
In the year-to-date period, ARBFX achieves a 2.33% return, which is significantly higher than SPY's -3.42% return. Over the past 10 years, ARBFX has underperformed SPY with an annualized return of 0.39%, while SPY has yielded a comparatively higher 12.35% annualized return.
ARBFX
2.33%
1.30%
1.60%
4.98%
0.45%
0.39%
SPY
-3.42%
7.58%
-5.06%
9.73%
15.77%
12.35%
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ARBFX vs. SPY - Expense Ratio Comparison
ARBFX has a 1.43% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ARBFX vs. SPY — Risk-Adjusted Performance Rank
ARBFX
SPY
ARBFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Arbitrage Fund (ARBFX) 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
ARBFX vs. SPY - Dividend Comparison
ARBFX's dividend yield for the trailing twelve months is around 0.44%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARBFX The Arbitrage Fund | 0.44% | 0.45% | 0.00% | 0.76% | 0.00% | 0.00% | 0.00% | 0.49% | 0.68% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ARBFX vs. SPY - Drawdown Comparison
The maximum ARBFX drawdown since its inception was -17.77%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARBFX and SPY. For additional features, visit the drawdowns tool.
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Volatility
ARBFX vs. SPY - Volatility Comparison
The current volatility for The Arbitrage Fund (ARBFX) is 0.88%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.48%. This indicates that ARBFX 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.
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