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:
2.19
SPY:
1.88
EIVPX:
2.85
SPY:
2.53
EIVPX:
1.46
SPY:
1.35
EIVPX:
3.13
SPY:
2.83
EIVPX:
15.20
SPY:
11.74
EIVPX:
1.06%
SPY:
2.02%
EIVPX:
7.37%
SPY:
12.64%
EIVPX:
-26.67%
SPY:
-55.19%
EIVPX:
-0.13%
SPY:
-0.42%
Returns By Period
In the year-to-date period, EIVPX achieves a 2.98% return, which is significantly lower than SPY's 4.15% return.
EIVPX
2.98%
1.28%
8.06%
16.26%
6.83%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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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 2.27%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIVPX Parametric Volatility Risk Premium - Defensive Fund | 2.27% | 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 | 1.16% | 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 1.64%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. 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.