AVALX vs. SPY
Compare and contrast key facts about Aegis Value Fund (AVALX) and SPDR S&P 500 ETF (SPY).
AVALX is managed by Aegis. It was launched on May 15, 1998. 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: AVALX or SPY.
Key characteristics
| AVALX | SPY | |
|---|---|---|
| YTD Return | 16.41% | 27.04% |
| 1Y Return | 24.68% | 39.75% |
| 3Y Return (Ann) | 12.83% | 10.21% |
| 5Y Return (Ann) | 20.86% | 15.93% |
| 10Y Return (Ann) | 9.46% | 13.36% |
| Sharpe Ratio | 1.34 | 3.15 |
| Sortino Ratio | 1.86 | 4.19 |
| Omega Ratio | 1.23 | 1.59 |
| Calmar Ratio | 2.05 | 4.60 |
| Martin Ratio | 5.15 | 20.85 |
| Ulcer Index | 4.93% | 1.85% |
| Daily Std Dev | 18.89% | 12.29% |
| Max Drawdown | -79.55% | -55.19% |
| Current Drawdown | -1.72% | 0.00% |
Correlation
The correlation between AVALX and SPY is 0.62, 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
AVALX vs. SPY - Performance Comparison
In the year-to-date period, AVALX achieves a 16.41% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, AVALX has underperformed SPY with an annualized return of 9.46%, while SPY has yielded a comparatively higher 13.36% annualized 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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AVALX vs. SPY - Expense Ratio Comparison
AVALX has a 1.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AVALX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aegis Value Fund (AVALX) 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
AVALX vs. SPY - Dividend Comparison
AVALX's dividend yield for the trailing twelve months is around 0.56%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVALX Aegis Value Fund | 0.56% | 0.65% | 0.16% | 0.00% | 2.10% | 0.25% | 0.00% | 0.00% | 1.45% | 0.04% | 0.00% | 0.16% |
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
AVALX vs. SPY - Drawdown Comparison
The maximum AVALX drawdown since its inception was -79.55%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AVALX and SPY. For additional features, visit the drawdowns tool.
Volatility
AVALX vs. SPY - Volatility Comparison
Aegis Value Fund (AVALX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.88% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.