AWAY vs. SPY
Compare and contrast key facts about ETFMG Travel Tech ETF (AWAY) and SPDR S&P 500 ETF (SPY).
AWAY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AWAY is a passively managed fund by ETFMG that tracks the performance of the Prime Travel Technology Index. It was launched on Feb 12, 2020. 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. Both AWAY and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AWAY or SPY.
Key characteristics
| AWAY | SPY | |
|---|---|---|
| YTD Return | 7.51% | 26.83% |
| 1Y Return | 20.41% | 34.88% |
| 3Y Return (Ann) | -9.37% | 10.16% |
| Sharpe Ratio | 1.23 | 3.08 |
| Sortino Ratio | 1.86 | 4.10 |
| Omega Ratio | 1.21 | 1.58 |
| Calmar Ratio | 0.51 | 4.46 |
| Martin Ratio | 5.46 | 20.22 |
| Ulcer Index | 4.64% | 1.85% |
| Daily Std Dev | 20.55% | 12.18% |
| Max Drawdown | -56.57% | -55.19% |
| Current Drawdown | -39.23% | -0.26% |
Correlation
The correlation between AWAY and SPY is 0.67, 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
AWAY vs. SPY - Performance Comparison
In the year-to-date period, AWAY achieves a 7.51% return, which is significantly lower than SPY's 26.83% 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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AWAY vs. SPY - Expense Ratio Comparison
AWAY has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AWAY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Travel Tech ETF (AWAY) 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
AWAY vs. SPY - Dividend Comparison
AWAY's dividend yield for the trailing twelve months is around 0.29%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWAY ETFMG Travel Tech ETF | 0.29% | 0.00% | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
AWAY vs. SPY - Drawdown Comparison
The maximum AWAY drawdown since its inception was -56.57%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AWAY and SPY. For additional features, visit the drawdowns tool.
Volatility
AWAY vs. SPY - Volatility Comparison
ETFMG Travel Tech ETF (AWAY) has a higher volatility of 5.63% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that AWAY'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.