Correlation
The correlation between FMUEX and SPY is 0.88, 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.
FMUEX vs. SPY
Compare and contrast key facts about RBB Free Market U.S. Equity Fund (FMUEX) and SPDR S&P 500 ETF (SPY).
FMUEX is managed by RBB Funds. It was launched on Dec 31, 2007. 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: FMUEX or SPY.
Performance
FMUEX vs. SPY - Performance Comparison
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Key characteristics
FMUEX:
0.03
SPY:
0.70
FMUEX:
0.17
SPY:
1.02
FMUEX:
1.02
SPY:
1.15
FMUEX:
0.01
SPY:
0.68
FMUEX:
0.03
SPY:
2.57
FMUEX:
8.87%
SPY:
4.93%
FMUEX:
21.35%
SPY:
20.42%
FMUEX:
-57.48%
SPY:
-55.19%
FMUEX:
-13.12%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FMUEX achieves a -3.64% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, FMUEX has underperformed SPY with an annualized return of 3.91%, while SPY has yielded a comparatively higher 12.73% annualized return.
FMUEX
-3.64%
5.11%
-12.76%
0.71%
2.41%
10.80%
3.91%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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FMUEX vs. SPY - Expense Ratio Comparison
FMUEX has a 0.78% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FMUEX vs. SPY — Risk-Adjusted Performance Rank
FMUEX
SPY
FMUEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RBB Free Market U.S. Equity Fund (FMUEX) 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.
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Dividends
FMUEX vs. SPY - Dividend Comparison
FMUEX's dividend yield for the trailing twelve months is around 3.97%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMUEX RBB Free Market U.S. Equity Fund | 3.97% | 3.83% | 4.12% | 8.26% | 4.39% | 1.61% | 5.57% | 5.88% | 3.80% | 4.80% | 8.51% | 4.23% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FMUEX vs. SPY - Drawdown Comparison
The maximum FMUEX drawdown since its inception was -57.48%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FMUEX and SPY.
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Volatility
FMUEX vs. SPY - Volatility Comparison
RBB Free Market U.S. Equity Fund (FMUEX) has a higher volatility of 5.72% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that FMUEX'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.
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