CLIX vs. SPY
Compare and contrast key facts about ProShares Long Online/Short Stores ETF (CLIX) and SPDR S&P 500 ETF (SPY).
CLIX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLIX is a passively managed fund by ProShares that tracks the performance of the ProShares Long Online/Short Stores Index. It was launched on Nov 14, 2017. 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 CLIX 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: CLIX or SPY.
Performance
CLIX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, CLIX achieves a 21.20% return, which is significantly lower than SPY's 24.91% return.
CLIX
21.20%
-2.04%
4.81%
29.43%
-0.05%
N/A
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| CLIX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.66 | 2.67 |
| Sortino Ratio | 2.28 | 3.56 |
| Omega Ratio | 1.28 | 1.50 |
| Calmar Ratio | 0.45 | 3.85 |
| Martin Ratio | 7.66 | 17.38 |
| Ulcer Index | 3.91% | 1.86% |
| Daily Std Dev | 18.08% | 12.17% |
| Max Drawdown | -73.21% | -55.19% |
| Current Drawdown | -55.35% | -1.77% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CLIX vs. SPY - Expense Ratio Comparison
CLIX has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between CLIX and SPY is 0.54, 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.
Risk-Adjusted Performance
CLIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) 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
CLIX vs. SPY - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.46%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CLIX vs. SPY - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CLIX and SPY. For additional features, visit the drawdowns tool.
Volatility
CLIX vs. SPY - Volatility Comparison
ProShares Long Online/Short Stores ETF (CLIX) has a higher volatility of 4.38% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that CLIX'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.