Correlation
The correlation between BUYW and SPY is 0.68, 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.
BUYW vs. SPY
Compare and contrast key facts about Main Buywrite ETF (BUYW) and SPDR S&P 500 ETF (SPY).
BUYW and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUYW is an actively managed fund by Main Funds. It was launched on Dec 29, 2015. 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: BUYW or SPY.
Performance
BUYW vs. SPY - Performance Comparison
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Key characteristics
BUYW:
0.62
SPY:
0.70
BUYW:
1.06
SPY:
1.02
BUYW:
1.19
SPY:
1.15
BUYW:
0.77
SPY:
0.68
BUYW:
4.52
SPY:
2.57
BUYW:
1.59%
SPY:
4.93%
BUYW:
11.29%
SPY:
20.42%
BUYW:
-9.36%
SPY:
-55.19%
BUYW:
-0.43%
SPY:
-3.55%
Returns By Period
In the year-to-date period, BUYW achieves a 1.94% return, which is significantly higher than SPY's 0.87% return.
BUYW
1.94%
2.57%
2.16%
6.97%
N/A
N/A
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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BUYW vs. SPY - Expense Ratio Comparison
BUYW has a 1.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BUYW vs. SPY — Risk-Adjusted Performance Rank
BUYW
SPY
BUYW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Buywrite ETF (BUYW) 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.
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Dividends
BUYW vs. SPY - Dividend Comparison
BUYW's dividend yield for the trailing twelve months is around 6.02%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUYW Main Buywrite ETF | 6.02% | 5.95% | 5.95% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BUYW vs. SPY - Drawdown Comparison
The maximum BUYW drawdown since its inception was -9.36%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BUYW and SPY.
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Volatility
BUYW vs. SPY - Volatility Comparison
The current volatility for Main Buywrite ETF (BUYW) is 1.83%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that BUYW experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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