FUND vs. SPY
FUND (Sprott Focus Trust, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FUND returned 12.00%/yr vs 15.07%/yr for SPY. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
FUND vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, FUND achieves a 17.52% return, which is significantly higher than SPY's 10.13% return. Over the past 10 years, FUND has underperformed SPY with an annualized return of 12.00%, while SPY has yielded a comparatively higher 15.07% annualized return.
FUND
- 1D
- -0.80%
- 1M
- 4.20%
- 6M
- 8.75%
- YTD
- 17.52%
- 1Y
- 40.03%
- 3Y*
- 13.39%
- 5Y*
- 11.84%
- 10Y*
- 12.00%
- ALL TIME*
- 9.19%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $210.67K | $348.31K | $262.44K | |
| $37.27B | $35.99B | $39.23B |
FUND vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUND Sprott Focus Trust, Inc. | 17.52% | 27.57% | -1.08% | 6.94% | -1.16% | 36.20% | 2.44% | 36.27% | -19.56% | 22.23% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between FUND and SPY is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 1993 | 0.46 |
The correlation between FUND and SPY shifts across timeframes, from 0.46 (all time) to 0.67 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FUND vs. SPY — Risk / Return Rank
FUND
SPY
FUND vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Focus Trust, Inc. (FUND) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FUND | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.27 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 2.20 | +1.52 |
| Martin ratioReturn relative to average drawdown | 12.60 | 9.40 | +3.20 |
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Drawdowns
FUND vs. SPY - Drawdown Comparison
The maximum FUND drawdown since its inception was -65.37%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FUND and SPY.
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Drawdown Indicators
| FUND | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.37% | -55.19% | -10.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -8.88% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.25% | -18.76% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -24.67% | -24.50% | -0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -43.32% | -33.72% | -9.60% |
Current DrawdownCurrent decline from peak | -3.87% | -1.40% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -12.31% | -9.01% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 2.08% | +0.96% |
Volatility
FUND vs. SPY - Volatility Comparison
The current volatility for Sprott Focus Trust, Inc. (FUND) is 2.73%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 3.58%. This indicates that FUND 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
| FUND | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 3.58% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.66% | 10.14% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 12.89% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 17.18% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 17.95% | +1.76% |
Dividends
FUND vs. SPY - Dividend Comparison
FUND's dividend yield for the trailing twelve months is around 5.99%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUND Sprott Focus Trust, Inc. | 5.99% | 6.65% | 8.27% | 6.22% | 6.72% | 8.79% | 7.93% | 6.30% | 11.92% | 6.59% | 5.76% | 7.59% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
FUND and SPY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPY has higher volatility (3.58%) compared to FUND (2.73%). In terms of maximum drawdown, FUND dropped -65.37% vs SPY's -55.19%.
FUND currently has the higher Sharpe Ratio (2.42 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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