DSEEX vs. SPY
Compare and contrast key facts about DoubleLine Shiller Enhanced CAPE (DSEEX) and SPDR S&P 500 ETF (SPY).
DSEEX is managed by DoubleLine. It was launched on Oct 31, 2013. 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: DSEEX or SPY.
Correlation
The correlation between DSEEX and SPY is 0.92, 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
DSEEX vs. SPY - Performance Comparison
Key characteristics
DSEEX:
1.34
SPY:
2.20
DSEEX:
1.81
SPY:
2.91
DSEEX:
1.24
SPY:
1.41
DSEEX:
0.49
SPY:
3.35
DSEEX:
5.92
SPY:
13.99
DSEEX:
2.70%
SPY:
2.01%
DSEEX:
11.92%
SPY:
12.79%
DSEEX:
-46.92%
SPY:
-55.19%
DSEEX:
-22.51%
SPY:
-1.35%
Returns By Period
In the year-to-date period, DSEEX achieves a 0.00% return, which is significantly lower than SPY's 1.96% return. Over the past 10 years, DSEEX has underperformed SPY with an annualized return of 5.53%, while SPY has yielded a comparatively higher 13.44% annualized return.
DSEEX
0.00%
-0.66%
5.47%
14.45%
1.68%
5.53%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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DSEEX vs. SPY - Expense Ratio Comparison
DSEEX has a 0.54% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DSEEX vs. SPY — Risk-Adjusted Performance Rank
DSEEX
SPY
DSEEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Shiller Enhanced CAPE (DSEEX) 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
DSEEX vs. SPY - Dividend Comparison
DSEEX's dividend yield for the trailing twelve months is around 4.92%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSEEX DoubleLine Shiller Enhanced CAPE | 4.92% | 4.92% | 4.60% | 3.87% | 1.63% | 1.73% | 2.74% | 3.38% | 2.16% | 2.12% | 2.88% | 2.61% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DSEEX vs. SPY - Drawdown Comparison
The maximum DSEEX drawdown since its inception was -46.92%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DSEEX and SPY. For additional features, visit the drawdowns tool.
Volatility
DSEEX vs. SPY - Volatility Comparison
The current volatility for DoubleLine Shiller Enhanced CAPE (DSEEX) is 4.29%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.10%. This indicates that DSEEX 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.