EFIV vs. SPYX
Compare and contrast key facts about SPDR S&P 500 ESG ETF (EFIV) and SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX).
EFIV and SPYX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFIV is a passively managed fund by State Street that tracks the performance of the S&P 500 ESG Index. It was launched on Jul 27, 2020. SPYX is a passively managed fund by State Street that tracks the performance of the S&P 500 Fossil Fuel Free Index. It was launched on Nov 30, 2015. Both EFIV and SPYX 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: EFIV or SPYX.
Performance
EFIV vs. SPYX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with EFIV having a 25.08% return and SPYX slightly higher at 25.68%.
EFIV
25.08%
1.08%
11.87%
31.29%
N/A
N/A
SPYX
25.68%
1.02%
12.18%
32.26%
15.36%
N/A
Key characteristics
| EFIV | SPYX | |
|---|---|---|
| Sharpe Ratio | 2.51 | 2.57 |
| Sortino Ratio | 3.37 | 3.46 |
| Omega Ratio | 1.46 | 1.48 |
| Calmar Ratio | 3.44 | 3.78 |
| Martin Ratio | 15.22 | 16.89 |
| Ulcer Index | 2.04% | 1.89% |
| Daily Std Dev | 12.36% | 12.40% |
| Max Drawdown | -24.53% | -32.84% |
| Current Drawdown | -1.19% | -1.55% |
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EFIV vs. SPYX - Expense Ratio Comparison
EFIV has a 0.10% expense ratio, which is lower than SPYX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between EFIV and SPYX is 0.99, 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.
Risk-Adjusted Performance
EFIV vs. SPYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ESG ETF (EFIV) and SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX). 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
EFIV vs. SPYX - Dividend Comparison
EFIV's dividend yield for the trailing twelve months is around 1.16%, more than SPYX's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFIV SPDR S&P 500 ESG ETF | 1.16% | 1.37% | 1.64% | 1.18% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | 1.03% | 1.21% | 1.41% | 1.04% | 1.33% | 1.56% | 1.92% | 1.68% | 1.91% | 0.49% |
Drawdowns
EFIV vs. SPYX - Drawdown Comparison
The maximum EFIV drawdown since its inception was -24.53%, smaller than the maximum SPYX drawdown of -32.84%. Use the drawdown chart below to compare losses from any high point for EFIV and SPYX. For additional features, visit the drawdowns tool.
Volatility
EFIV vs. SPYX - Volatility Comparison
The current volatility for SPDR S&P 500 ESG ETF (EFIV) is 4.02%, while SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) has a volatility of 4.29%. This indicates that EFIV experiences smaller price fluctuations and is considered to be less risky than SPYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.