BULZ vs. SPY
Compare and contrast key facts about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and SPDR S&P 500 ETF (SPY).
BULZ and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BULZ is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive FANG Innovation. It was launched on Aug 17, 2021. 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 BULZ 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: BULZ or SPY.
Key characteristics
| BULZ | SPY | |
|---|---|---|
| YTD Return | 62.18% | 26.83% |
| 1Y Return | 102.36% | 34.88% |
| 3Y Return (Ann) | -19.00% | 10.16% |
| Sharpe Ratio | 1.67 | 3.08 |
| Sortino Ratio | 2.08 | 4.10 |
| Omega Ratio | 1.28 | 1.58 |
| Calmar Ratio | 1.53 | 4.46 |
| Martin Ratio | 5.87 | 20.22 |
| Ulcer Index | 19.89% | 1.85% |
| Daily Std Dev | 70.05% | 12.18% |
| Max Drawdown | -94.44% | -55.19% |
| Current Drawdown | -50.69% | -0.26% |
Correlation
The correlation between BULZ and SPY is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BULZ vs. SPY - Performance Comparison
In the year-to-date period, BULZ achieves a 62.18% return, which is significantly higher 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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BULZ vs. SPY - Expense Ratio Comparison
BULZ has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BULZ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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
BULZ vs. SPY - Dividend Comparison
BULZ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 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 | 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
BULZ vs. SPY - Drawdown Comparison
The maximum BULZ drawdown since its inception was -94.44%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BULZ and SPY. For additional features, visit the drawdowns tool.
Volatility
BULZ vs. SPY - Volatility Comparison
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 21.11% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that BULZ'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.