AX vs. SPY
Compare and contrast key facts about Axos Financial, Inc. (AX) and SPDR S&P 500 ETF (SPY).
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: AX or SPY.
Correlation
The correlation between AX and SPY is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AX vs. SPY - Performance Comparison
Key characteristics
AX:
0.76
SPY:
2.21
AX:
1.53
SPY:
2.93
AX:
1.17
SPY:
1.41
AX:
1.38
SPY:
3.26
AX:
2.76
SPY:
14.43
AX:
11.37%
SPY:
1.90%
AX:
41.48%
SPY:
12.41%
AX:
-70.49%
SPY:
-55.19%
AX:
-17.45%
SPY:
-2.74%
Returns By Period
In the year-to-date period, AX achieves a 30.93% return, which is significantly higher than SPY's 25.54% return. Over the past 10 years, AX has outperformed SPY with an annualized return of 13.77%, while SPY has yielded a comparatively lower 12.97% annualized return.
AX
30.93%
-15.56%
29.68%
30.46%
18.77%
13.77%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
AX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Axos Financial, Inc. (AX) 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
AX vs. SPY - Dividend Comparison
AX 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AX Axos Financial, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
AX vs. SPY - Drawdown Comparison
The maximum AX drawdown since its inception was -70.49%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AX and SPY. For additional features, visit the drawdowns tool.
Volatility
AX vs. SPY - Volatility Comparison
Axos Financial, Inc. (AX) has a higher volatility of 9.60% compared to SPDR S&P 500 ETF (SPY) at 3.68%. This indicates that AX'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.