FBGX vs. SPY
Compare and contrast key facts about UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and SPDR S&P 500 ETF (SPY).
FBGX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBGX is a passively managed fund by UBS that tracks the performance of the Russell 1000 Growth Index (200%). It was launched on Jun 11, 2014. 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. Both FBGX and SPY 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: FBGX or SPY.
Key characteristics
| FBGX | SPY | |
|---|---|---|
| YTD Return | 9.52% | 5.60% |
| 1Y Return | 58.60% | 23.55% |
| 3Y Return (Ann) | 6.32% | 7.83% |
| 5Y Return (Ann) | 22.74% | 13.05% |
| Sharpe Ratio | 1.90 | 1.91 |
| Daily Std Dev | 29.36% | 11.63% |
| Max Drawdown | -59.88% | -55.19% |
| Current Drawdown | -14.22% | -4.36% |
Correlation
The correlation between FBGX and SPY is 0.91, 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
FBGX vs. SPY - Performance Comparison
In the year-to-date period, FBGX achieves a 9.52% return, which is significantly higher than SPY's 5.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBGX vs. SPY - Expense Ratio Comparison
FBGX has a 1.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FBGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS AG FI Enhanced Large Cap Growth ETN (FBGX) 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
FBGX vs. SPY - Dividend Comparison
FBGX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBGX UBS AG FI Enhanced Large Cap Growth ETN | 0.00% | 0.00% | 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 | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FBGX vs. SPY - Drawdown Comparison
The maximum FBGX drawdown since its inception was -59.88%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FBGX and SPY. For additional features, visit the drawdowns tool.
Volatility
FBGX vs. SPY - Volatility Comparison
UBS AG FI Enhanced Large Cap Growth ETN (FBGX) has a higher volatility of 10.20% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that FBGX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.