FCEF vs. SPY
Compare and contrast key facts about First Trust CEF Income Opportunity ETF (FCEF) and SPDR S&P 500 ETF (SPY).
FCEF and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCEF is an actively managed fund by First Trust. It was launched on Sep 27, 2016. 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: FCEF or SPY.
Correlation
The correlation between FCEF and SPY is 0.73, 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
FCEF vs. SPY - Performance Comparison
Key characteristics
FCEF:
2.46
SPY:
1.88
FCEF:
3.14
SPY:
2.53
FCEF:
1.46
SPY:
1.35
FCEF:
1.95
SPY:
2.83
FCEF:
13.39
SPY:
11.74
FCEF:
1.50%
SPY:
2.02%
FCEF:
8.18%
SPY:
12.64%
FCEF:
-44.81%
SPY:
-55.19%
FCEF:
0.00%
SPY:
-0.42%
Returns By Period
In the year-to-date period, FCEF achieves a 4.62% return, which is significantly higher than SPY's 4.15% return.
FCEF
4.62%
1.27%
7.33%
19.84%
5.58%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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FCEF vs. SPY - Expense Ratio Comparison
FCEF has a 2.91% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FCEF vs. SPY — Risk-Adjusted Performance Rank
FCEF
SPY
FCEF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust CEF Income Opportunity ETF (FCEF) 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
FCEF vs. SPY - Dividend Comparison
FCEF's dividend yield for the trailing twelve months is around 7.03%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCEF First Trust CEF Income Opportunity ETF | 7.03% | 7.13% | 7.19% | 7.29% | 4.74% | 5.05% | 5.10% | 5.96% | 4.87% | 1.51% | 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
FCEF vs. SPY - Drawdown Comparison
The maximum FCEF drawdown since its inception was -44.81%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FCEF and SPY. For additional features, visit the drawdowns tool.
Volatility
FCEF vs. SPY - Volatility Comparison
The current volatility for First Trust CEF Income Opportunity ETF (FCEF) is 1.39%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that FCEF 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.