ARBNX vs. SPY
Compare and contrast key facts about The Arbitrage Fund Class Institutional (ARBNX) and SPDR S&P 500 ETF (SPY).
ARBNX is managed by Arbitrage Funds. It was launched on Oct 17, 2003. 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: ARBNX or SPY.
Correlation
The correlation between ARBNX and SPY is 0.48, 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
ARBNX vs. SPY - Performance Comparison
Key characteristics
ARBNX:
0.32
SPY:
2.21
ARBNX:
0.46
SPY:
2.93
ARBNX:
1.07
SPY:
1.41
ARBNX:
0.31
SPY:
3.26
ARBNX:
1.10
SPY:
14.43
ARBNX:
0.97%
SPY:
1.90%
ARBNX:
3.28%
SPY:
12.41%
ARBNX:
-17.52%
SPY:
-55.19%
ARBNX:
-2.92%
SPY:
-2.74%
Returns By Period
In the year-to-date period, ARBNX achieves a 0.83% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, ARBNX has underperformed SPY with an annualized return of 0.75%, while SPY has yielded a comparatively higher 12.97% annualized return.
ARBNX
0.83%
-1.26%
1.22%
0.83%
0.66%
0.75%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ARBNX vs. SPY - Expense Ratio Comparison
ARBNX has a 1.49% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ARBNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Arbitrage Fund Class Institutional (ARBNX) 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
ARBNX vs. SPY - Dividend Comparison
ARBNX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARBNX The Arbitrage Fund Class Institutional | 0.00% | 2.36% | 1.06% | 0.00% | 0.00% | 0.06% | 0.75% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ARBNX vs. SPY - Drawdown Comparison
The maximum ARBNX drawdown since its inception was -17.52%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARBNX and SPY. For additional features, visit the drawdowns tool.
Volatility
ARBNX vs. SPY - Volatility Comparison
The current volatility for The Arbitrage Fund Class Institutional (ARBNX) is 1.68%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that ARBNX 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.