EIVPX vs. SPY
Compare and contrast key facts about Parametric Volatility Risk Premium - Defensive Fund (EIVPX) and SPDR S&P 500 ETF (SPY).
EIVPX is managed by Eaton Vance. It was launched on Feb 8, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIVPX or SPY.
Correlation
The correlation between EIVPX and SPY is 0.97, 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
EIVPX vs. SPY - Performance Comparison
Key characteristics
EIVPX:
2.39
SPY:
2.20
EIVPX:
3.10
SPY:
2.91
EIVPX:
1.52
SPY:
1.41
EIVPX:
3.42
SPY:
3.35
EIVPX:
16.60
SPY:
13.99
EIVPX:
1.06%
SPY:
2.01%
EIVPX:
7.33%
SPY:
12.79%
EIVPX:
-26.67%
SPY:
-55.19%
EIVPX:
-0.64%
SPY:
-1.35%
Returns By Period
In the year-to-date period, EIVPX achieves a 1.30% return, which is significantly lower than SPY's 1.96% return.
EIVPX
1.30%
1.17%
5.87%
16.35%
6.64%
N/A
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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EIVPX vs. SPY - Expense Ratio Comparison
EIVPX has a 0.47% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EIVPX vs. SPY — Risk-Adjusted Performance Rank
EIVPX
SPY
EIVPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Volatility Risk Premium - Defensive Fund (EIVPX) 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
EIVPX vs. SPY - Dividend Comparison
EIVPX's dividend yield for the trailing twelve months is around 2.30%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIVPX Parametric Volatility Risk Premium - Defensive Fund | 2.30% | 2.33% | 2.27% | 0.94% | 0.30% | 0.75% | 1.23% | 1.24% | 0.53% | 0.00% | 0.00% | 0.00% |
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
EIVPX vs. SPY - Drawdown Comparison
The maximum EIVPX drawdown since its inception was -26.67%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EIVPX and SPY. For additional features, visit the drawdowns tool.
Volatility
EIVPX vs. SPY - Volatility Comparison
The current volatility for Parametric Volatility Risk Premium - Defensive Fund (EIVPX) is 3.30%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.10%. This indicates that EIVPX 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.