GHVIX vs. SPY
Compare and contrast key facts about GMO High Yield Fund (GHVIX) and SPDR S&P 500 ETF (SPY).
GHVIX is managed by GMO. It was launched on Jun 25, 2018. 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: GHVIX or SPY.
Correlation
The correlation between GHVIX and SPY is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GHVIX vs. SPY - Performance Comparison
Key characteristics
GHVIX:
2.86
SPY:
1.88
GHVIX:
4.28
SPY:
2.53
GHVIX:
1.58
SPY:
1.35
GHVIX:
4.61
SPY:
2.83
GHVIX:
17.39
SPY:
11.74
GHVIX:
0.57%
SPY:
2.02%
GHVIX:
3.50%
SPY:
12.64%
GHVIX:
-20.44%
SPY:
-55.19%
GHVIX:
-0.06%
SPY:
-0.42%
Returns By Period
In the year-to-date period, GHVIX achieves a 1.80% return, which is significantly lower than SPY's 4.15% return.
GHVIX
1.80%
0.71%
3.76%
9.91%
3.65%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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GHVIX vs. SPY - Expense Ratio Comparison
GHVIX has a 0.46% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GHVIX vs. SPY — Risk-Adjusted Performance Rank
GHVIX
SPY
GHVIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO High Yield Fund (GHVIX) 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
GHVIX vs. SPY - Dividend Comparison
GHVIX's dividend yield for the trailing twelve months is around 14.27%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | 14.27% | 14.53% | 4.37% | 7.91% | 8.87% | 1.93% | 7.76% | 3.20% | 0.00% | 0.00% | 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
GHVIX vs. SPY - Drawdown Comparison
The maximum GHVIX drawdown since its inception was -20.44%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GHVIX and SPY. For additional features, visit the drawdowns tool.
Volatility
GHVIX vs. SPY - Volatility Comparison
The current volatility for GMO High Yield Fund (GHVIX) is 0.75%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that GHVIX 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.