CAAPX vs. SPY
Compare and contrast key facts about Ariel Appreciation Fund (CAAPX) and SPDR S&P 500 ETF (SPY).
CAAPX is managed by Ariel Investments. It was launched on Dec 1, 1989. 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: CAAPX or SPY.
Correlation
The correlation between CAAPX and SPY is 0.82, 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
CAAPX vs. SPY - Performance Comparison
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Key characteristics
CAAPX:
-0.20
SPY:
0.66
CAAPX:
-0.07
SPY:
1.12
CAAPX:
0.99
SPY:
1.17
CAAPX:
-0.10
SPY:
0.75
CAAPX:
-0.37
SPY:
2.92
CAAPX:
11.66%
SPY:
4.86%
CAAPX:
25.26%
SPY:
20.32%
CAAPX:
-70.69%
SPY:
-55.19%
CAAPX:
-31.73%
SPY:
-4.60%
Returns By Period
In the year-to-date period, CAAPX achieves a -5.03% return, which is significantly lower than SPY's -0.23% return. Over the past 10 years, CAAPX has underperformed SPY with an annualized return of -3.49%, while SPY has yielded a comparatively higher 12.59% annualized return.
CAAPX
-5.03%
14.55%
-16.55%
-5.13%
3.67%
-3.49%
SPY
-0.23%
9.19%
-2.01%
13.36%
17.44%
12.59%
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CAAPX vs. SPY - Expense Ratio Comparison
CAAPX has a 1.12% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CAAPX vs. SPY — Risk-Adjusted Performance Rank
CAAPX
SPY
CAAPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ariel Appreciation Fund (CAAPX) 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
CAAPX vs. SPY - Dividend Comparison
CAAPX's dividend yield for the trailing twelve months is around 6.44%, more than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAAPX Ariel Appreciation Fund | 6.44% | 6.11% | 6.31% | 10.51% | 14.21% | 9.85% | 7.58% | 7.37% | 12.53% | 7.88% | 12.05% | 12.18% |
SPY SPDR S&P 500 ETF | 1.23% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CAAPX vs. SPY - Drawdown Comparison
The maximum CAAPX drawdown since its inception was -70.69%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CAAPX and SPY. For additional features, visit the drawdowns tool.
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Volatility
CAAPX vs. SPY - Volatility Comparison
Ariel Appreciation Fund (CAAPX) has a higher volatility of 7.62% compared to SPDR S&P 500 ETF (SPY) at 6.39%. This indicates that CAAPX'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.
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