CELFX vs. SPY
Compare and contrast key facts about Cliffwater Enhanced Lending Fund (CELFX) and SPDR S&P 500 ETF (SPY).
CELFX is managed by Cliffwater. It was launched on Jul 26, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CELFX or SPY.
Correlation
The correlation between CELFX and SPY is 0.07, 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
CELFX vs. SPY - Performance Comparison
Key characteristics
CELFX:
3.04
SPY:
1.46
CELFX:
4.57
SPY:
1.99
CELFX:
4.93
SPY:
1.27
CELFX:
4.83
SPY:
2.23
CELFX:
15.62
SPY:
9.00
CELFX:
0.81%
SPY:
2.08%
CELFX:
4.15%
SPY:
12.83%
CELFX:
-2.61%
SPY:
-55.19%
CELFX:
-1.26%
SPY:
-3.06%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with CELFX at 1.38% and SPY at 1.38%.
CELFX
1.38%
0.73%
4.58%
12.59%
N/A
N/A
SPY
1.38%
-1.27%
6.09%
17.34%
16.45%
12.93%
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CELFX vs. SPY - Expense Ratio Comparison
CELFX has a 1.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CELFX vs. SPY — Risk-Adjusted Performance Rank
CELFX
SPY
CELFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cliffwater Enhanced Lending Fund (CELFX) 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
CELFX vs. SPY - Dividend Comparison
CELFX's dividend yield for the trailing twelve months is around 11.11%, more than SPY's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CELFX Cliffwater Enhanced Lending Fund | 11.11% | 11.26% | 10.67% | 9.42% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CELFX vs. SPY - Drawdown Comparison
The maximum CELFX drawdown since its inception was -2.61%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CELFX and SPY. For additional features, visit the drawdowns tool.
Volatility
CELFX vs. SPY - Volatility Comparison
The current volatility for Cliffwater Enhanced Lending Fund (CELFX) is 0.25%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.69%. This indicates that CELFX 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.