CAPEX vs. SPY
Compare and contrast key facts about Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) and SPDR S&P 500 ETF (SPY).
CAPEX is managed by Blackrock. It was launched on Mar 28, 1966. 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: CAPEX or SPY.
Correlation
The correlation between CAPEX and SPY is 0.95, 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
CAPEX vs. SPY - Performance Comparison
Key characteristics
CAPEX:
1.79
SPY:
1.97
CAPEX:
2.42
SPY:
2.64
CAPEX:
1.33
SPY:
1.36
CAPEX:
2.64
SPY:
2.97
CAPEX:
10.13
SPY:
12.34
CAPEX:
2.28%
SPY:
2.03%
CAPEX:
12.89%
SPY:
12.68%
CAPEX:
-52.95%
SPY:
-55.19%
CAPEX:
-0.25%
SPY:
-0.01%
Returns By Period
In the year-to-date period, CAPEX achieves a 5.26% return, which is significantly higher than SPY's 4.03% return. Both investments have delivered pretty close results over the past 10 years, with CAPEX having a 13.10% annualized return and SPY not far ahead at 13.22%.
CAPEX
5.26%
4.03%
9.32%
21.43%
14.61%
13.10%
SPY
4.03%
2.85%
10.70%
23.01%
14.30%
13.22%
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CAPEX vs. SPY - Expense Ratio Comparison
CAPEX has a 0.45% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CAPEX vs. SPY — Risk-Adjusted Performance Rank
CAPEX
SPY
CAPEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) 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
CAPEX vs. SPY - Dividend Comparison
CAPEX's dividend yield for the trailing twelve months is around 0.59%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAPEX Eaton Vance Tax Managed Growth 1.0 Fund | 0.59% | 0.62% | 0.83% | 0.97% | 0.63% | 0.88% | 1.15% | 1.36% | 1.20% | 1.41% | 1.39% | 1.35% |
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
CAPEX vs. SPY - Drawdown Comparison
The maximum CAPEX drawdown since its inception was -52.95%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CAPEX and SPY. For additional features, visit the drawdowns tool.
Volatility
CAPEX vs. SPY - Volatility Comparison
Eaton Vance Tax Managed Growth 1.0 Fund (CAPEX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.01% and 3.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.