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AVALX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

AVALX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aegis Value Fund (AVALX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
8.59%
13.59%
AVALX
SPY

Returns By Period

In the year-to-date period, AVALX achieves a 18.05% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, AVALX has underperformed SPY with an annualized return of 9.41%, while SPY has yielded a comparatively higher 13.10% annualized return.


AVALX

YTD

18.05%

1M

0.75%

6M

8.59%

1Y

21.57%

5Y (annualized)

22.14%

10Y (annualized)

9.41%

SPY

YTD

26.08%

1M

1.77%

6M

13.59%

1Y

32.24%

5Y (annualized)

15.62%

10Y (annualized)

13.10%

Key characteristics


AVALXSPY
Sharpe Ratio1.132.70
Sortino Ratio1.603.60
Omega Ratio1.201.50
Calmar Ratio1.733.90
Martin Ratio4.3217.52
Ulcer Index4.96%1.87%
Daily Std Dev18.98%12.14%
Max Drawdown-79.55%-55.19%
Current Drawdown-0.33%-0.85%

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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.


AVALX
Aegis Value Fund
Expense ratio chart for AVALX: current value at 1.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.50%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Correlation

-0.50.00.51.00.6

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.

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.


Sharpe ratio
The chart of Sharpe ratio for AVALX, currently valued at 1.13, compared to the broader market-1.000.001.002.003.004.005.001.132.70
The chart of Sortino ratio for AVALX, currently valued at 1.60, compared to the broader market0.005.0010.001.603.60
The chart of Omega ratio for AVALX, currently valued at 1.20, compared to the broader market1.002.003.004.001.201.50
The chart of Calmar ratio for AVALX, currently valued at 1.73, compared to the broader market0.005.0010.0015.0020.0025.001.733.90
The chart of Martin ratio for AVALX, currently valued at 4.32, compared to the broader market0.0020.0040.0060.0080.00100.004.3217.52
AVALX
SPY

The current AVALX Sharpe Ratio is 1.13, which is lower than the SPY Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of AVALX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.13
2.70
AVALX
SPY

Dividends

AVALX vs. SPY - Dividend Comparison

AVALX's dividend yield for the trailing twelve months is around 0.55%, less than SPY's 1.18% yield.


TTM20232022202120202019201820172016201520142013
AVALX
Aegis Value Fund
0.55%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
1.18%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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.33%
-0.85%
AVALX
SPY

Volatility

AVALX vs. SPY - Volatility Comparison

Aegis Value Fund (AVALX) has a higher volatility of 4.54% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that AVALX'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.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.54%
3.98%
AVALX
SPY