ASHIX vs. SPY
Compare and contrast key facts about Virtus Short Duration High Income Fund (ASHIX) and SPDR S&P 500 ETF (SPY).
ASHIX is managed by Allianz Global Investors. It was launched on Oct 3, 2011. 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: ASHIX or SPY.
Correlation
The correlation between ASHIX and SPY is 0.40, 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
ASHIX vs. SPY - Performance Comparison
Key characteristics
ASHIX:
4.23
SPY:
1.72
ASHIX:
6.93
SPY:
2.33
ASHIX:
2.03
SPY:
1.32
ASHIX:
7.46
SPY:
2.61
ASHIX:
32.90
SPY:
10.82
ASHIX:
0.25%
SPY:
2.03%
ASHIX:
1.96%
SPY:
12.75%
ASHIX:
-19.54%
SPY:
-55.19%
ASHIX:
-0.22%
SPY:
-1.05%
Returns By Period
In the year-to-date period, ASHIX achieves a 1.02% return, which is significantly lower than SPY's 2.95% return. Over the past 10 years, ASHIX has underperformed SPY with an annualized return of 4.68%, while SPY has yielded a comparatively higher 13.13% annualized return.
ASHIX
1.02%
1.02%
4.04%
8.58%
5.12%
4.68%
SPY
2.95%
3.78%
11.68%
23.68%
14.09%
13.13%
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ASHIX vs. SPY - Expense Ratio Comparison
ASHIX has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ASHIX vs. SPY — Risk-Adjusted Performance Rank
ASHIX
SPY
ASHIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Short Duration High Income Fund (ASHIX) 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
ASHIX vs. SPY - Dividend Comparison
ASHIX's dividend yield for the trailing twelve months is around 7.01%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHIX Virtus Short Duration High Income Fund | 7.01% | 7.01% | 6.45% | 6.22% | 5.54% | 5.96% | 4.85% | 5.66% | 5.02% | 5.36% | 6.45% | 5.32% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ASHIX vs. SPY - Drawdown Comparison
The maximum ASHIX drawdown since its inception was -19.54%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ASHIX and SPY. For additional features, visit the drawdowns tool.
Volatility
ASHIX vs. SPY - Volatility Comparison
The current volatility for Virtus Short Duration High Income Fund (ASHIX) is 0.59%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.45%. This indicates that ASHIX 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.