BIVRX vs. SPY
Compare and contrast key facts about Invenomic Fund (BIVRX) and SPDR S&P 500 ETF (SPY).
BIVRX is managed by Invenomic. It was launched on Jun 18, 2017. 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: BIVRX or SPY.
Correlation
The correlation between BIVRX and SPY is 0.06, 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
BIVRX vs. SPY - Performance Comparison
Key characteristics
BIVRX:
-0.13
SPY:
1.88
BIVRX:
-0.11
SPY:
2.53
BIVRX:
0.99
SPY:
1.35
BIVRX:
-0.05
SPY:
2.83
BIVRX:
-0.24
SPY:
11.74
BIVRX:
7.25%
SPY:
2.02%
BIVRX:
12.95%
SPY:
12.64%
BIVRX:
-34.31%
SPY:
-55.19%
BIVRX:
-30.53%
SPY:
-0.42%
Returns By Period
In the year-to-date period, BIVRX achieves a -0.47% return, which is significantly lower than SPY's 4.15% return.
BIVRX
-0.47%
2.43%
1.17%
-2.55%
11.47%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BIVRX vs. SPY - Expense Ratio Comparison
BIVRX has a 2.48% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BIVRX vs. SPY — Risk-Adjusted Performance Rank
BIVRX
SPY
BIVRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invenomic Fund (BIVRX) 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
BIVRX vs. SPY - Dividend Comparison
BIVRX's dividend yield for the trailing twelve months is around 3.57%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIVRX Invenomic Fund | 3.57% | 3.55% | 2.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BIVRX vs. SPY - Drawdown Comparison
The maximum BIVRX drawdown since its inception was -34.31%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BIVRX and SPY. For additional features, visit the drawdowns tool.
Volatility
BIVRX vs. SPY - Volatility Comparison
Invenomic Fund (BIVRX) has a higher volatility of 5.31% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that BIVRX'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.