DIVP vs. SPY
Compare and contrast key facts about Cullen Enhanced Equity Income ETF (DIVP) and SPDR S&P 500 ETF (SPY).
DIVP and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVP is an actively managed fund by Cullen. It was launched on Mar 6, 2024. 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: DIVP or SPY.
Correlation
The correlation between DIVP and SPY is 0.41, 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.
Performance
DIVP vs. SPY - Performance Comparison
Key characteristics
DIVP:
9.76%
SPY:
12.65%
DIVP:
-7.65%
SPY:
-55.19%
DIVP:
-2.83%
SPY:
0.00%
Returns By Period
In the year-to-date period, DIVP achieves a 3.94% return, which is significantly lower than SPY's 4.58% return.
DIVP
3.94%
0.93%
3.04%
N/A
N/A
N/A
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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DIVP vs. SPY - Expense Ratio Comparison
DIVP has a 0.55% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DIVP vs. SPY — Risk-Adjusted Performance Rank
DIVP
SPY
DIVP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cullen Enhanced Equity Income ETF (DIVP) 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.
Not enough dataDividends
DIVP vs. SPY - Dividend Comparison
DIVP's dividend yield for the trailing twelve months is around 6.29%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVP Cullen Enhanced Equity Income ETF | 6.29% | 5.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DIVP vs. SPY - Drawdown Comparison
The maximum DIVP drawdown since its inception was -7.65%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DIVP and SPY. For additional features, visit the drawdowns tool.
Volatility
DIVP vs. SPY - Volatility Comparison
The current volatility for Cullen Enhanced Equity Income ETF (DIVP) is 2.53%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.00%. This indicates that DIVP 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.