CPBYX vs. SPY
Compare and contrast key facts about Invesco Core Plus Bond Fund (CPBYX) and SPDR S&P 500 ETF (SPY).
CPBYX is managed by Invesco. It was launched on Jun 3, 2009. 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: CPBYX or SPY.
Correlation
The correlation between CPBYX and SPY is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CPBYX vs. SPY - Performance Comparison
Key characteristics
CPBYX:
1.22
SPY:
1.88
CPBYX:
1.78
SPY:
2.53
CPBYX:
1.22
SPY:
1.35
CPBYX:
0.40
SPY:
2.83
CPBYX:
3.39
SPY:
11.74
CPBYX:
1.74%
SPY:
2.02%
CPBYX:
4.86%
SPY:
12.64%
CPBYX:
-22.56%
SPY:
-55.19%
CPBYX:
-8.61%
SPY:
-0.42%
Returns By Period
In the year-to-date period, CPBYX achieves a 0.85% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, CPBYX has underperformed SPY with an annualized return of 1.78%, while SPY has yielded a comparatively higher 13.18% annualized return.
CPBYX
0.85%
0.85%
-0.08%
6.02%
-0.58%
1.78%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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CPBYX vs. SPY - Expense Ratio Comparison
CPBYX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CPBYX vs. SPY — Risk-Adjusted Performance Rank
CPBYX
SPY
CPBYX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Core Plus Bond Fund (CPBYX) 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
CPBYX vs. SPY - Dividend Comparison
CPBYX's dividend yield for the trailing twelve months is around 4.86%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPBYX Invesco Core Plus Bond Fund | 4.86% | 4.88% | 4.67% | 3.71% | 2.18% | 2.81% | 3.55% | 3.76% | 3.08% | 3.06% | 3.84% | 4.33% |
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
CPBYX vs. SPY - Drawdown Comparison
The maximum CPBYX drawdown since its inception was -22.56%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CPBYX and SPY. For additional features, visit the drawdowns tool.
Volatility
CPBYX vs. SPY - Volatility Comparison
The current volatility for Invesco Core Plus Bond Fund (CPBYX) is 1.16%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that CPBYX 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.