GLIN vs. SPY
Compare and contrast key facts about VanEck Vectors India Growth Leaders ETF (GLIN) and SPDR S&P 500 ETF (SPY).
GLIN and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLIN is a passively managed fund by VanEck that tracks the performance of the MarketGrader India All-Cap Growth Leaders Index. It was launched on Aug 24, 2010. 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. Both GLIN and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLIN or SPY.
Key characteristics
| GLIN | SPY | |
|---|---|---|
| YTD Return | 17.42% | 27.04% |
| 1Y Return | 33.69% | 39.75% |
| 3Y Return (Ann) | 7.60% | 10.21% |
| 5Y Return (Ann) | 10.07% | 15.93% |
| 10Y Return (Ann) | 1.73% | 13.36% |
| Sharpe Ratio | 1.91 | 3.15 |
| Sortino Ratio | 2.45 | 4.19 |
| Omega Ratio | 1.37 | 1.59 |
| Calmar Ratio | 0.61 | 4.60 |
| Martin Ratio | 13.28 | 20.85 |
| Ulcer Index | 2.48% | 1.85% |
| Daily Std Dev | 17.25% | 12.29% |
| Max Drawdown | -79.39% | -55.19% |
| Current Drawdown | -39.02% | 0.00% |
Correlation
The correlation between GLIN and SPY is 0.51, 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
GLIN vs. SPY - Performance Comparison
In the year-to-date period, GLIN achieves a 17.42% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, GLIN has underperformed SPY with an annualized return of 1.73%, while SPY has yielded a comparatively higher 13.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLIN vs. SPY - Expense Ratio Comparison
GLIN has a 0.82% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GLIN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors India Growth Leaders ETF (GLIN) 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
GLIN vs. SPY - Dividend Comparison
GLIN's dividend yield for the trailing twelve months is around 0.82%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 0.82% | 0.96% | 1.70% | 0.00% | 0.24% | 1.29% | 0.12% | 0.10% | 1.39% | 3.11% | 0.97% | 0.44% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GLIN vs. SPY - Drawdown Comparison
The maximum GLIN drawdown since its inception was -79.39%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GLIN and SPY. For additional features, visit the drawdowns tool.
Volatility
GLIN vs. SPY - Volatility Comparison
The current volatility for VanEck Vectors India Growth Leaders ETF (GLIN) is 3.72%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that GLIN 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.