FCFAX vs. SPY
Compare and contrast key facts about Frost Credit Fund (FCFAX) and State Street SPDR S&P 500 ETF (SPY).
FCFAX is managed by Frost Funds. It was launched on Dec 3, 2012. 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.
Performance
FCFAX vs. SPY - Performance Comparison
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FCFAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCFAX Frost Credit Fund | -0.48% | 5.21% | 8.01% | 11.23% | -7.83% | 5.07% | 6.22% | 6.95% | 0.89% | 7.95% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FCFAX achieves a -0.48% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, FCFAX has underperformed SPY with an annualized return of 5.26%, while SPY has yielded a comparatively higher 14.06% annualized return.
FCFAX
- 1D
- 0.22%
- 1M
- -1.61%
- YTD
- -0.48%
- 6M
- -0.55%
- 1Y
- 3.16%
- 3Y*
- 7.02%
- 5Y*
- 3.69%
- 10Y*
- 5.26%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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FCFAX vs. SPY - Expense Ratio Comparison
FCFAX has a 0.96% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FCFAX vs. SPY — Risk / Return Rank
FCFAX
SPY
FCFAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frost Credit Fund (FCFAX) and State Street 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.
| FCFAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.96 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.49 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.53 | -0.09 |
Martin ratioReturn relative to average drawdown | 5.36 | 7.27 | -1.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCFAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.96 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.36 | 0.70 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.63 | 0.79 | +0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.56 | +0.86 |
Correlation
The correlation between FCFAX and SPY is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FCFAX vs. SPY - Dividend Comparison
FCFAX's dividend yield for the trailing twelve months is around 5.60%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCFAX Frost Credit Fund | 5.60% | 6.10% | 5.76% | 5.93% | 5.00% | 3.65% | 3.69% | 4.62% | 5.05% | 5.85% | 4.84% | 4.95% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FCFAX vs. SPY - Drawdown Comparison
The maximum FCFAX drawdown since its inception was -16.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FCFAX and SPY.
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Drawdown Indicators
| FCFAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.33% | -55.19% | +38.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -12.05% | +9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -24.50% | +14.01% |
Max Drawdown (10Y)Largest decline over 10 years | -16.33% | -33.72% | +17.39% |
Current DrawdownCurrent decline from peak | -1.82% | -5.53% | +3.71% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -9.09% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.54% | -1.91% |
Volatility
FCFAX vs. SPY - Volatility Comparison
The current volatility for Frost Credit Fund (FCFAX) is 1.06%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that FCFAX 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.
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Volatility by Period
| FCFAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 5.35% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 9.50% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.63% | 19.06% | -16.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 17.06% | -14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 17.92% | -14.68% |