GMAEX vs. SPY
Compare and contrast key facts about GMO Quality Cyclicals Fund (GMAEX) and SPDR S&P 500 ETF (SPY).
GMAEX is managed by GMO. It was launched on May 11, 2020. 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: GMAEX or SPY.
Correlation
The correlation between GMAEX and SPY is 0.77, 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.
Performance
GMAEX vs. SPY - Performance Comparison
Key characteristics
GMAEX:
0.11
SPY:
1.75
GMAEX:
0.24
SPY:
2.36
GMAEX:
1.03
SPY:
1.32
GMAEX:
0.06
SPY:
2.66
GMAEX:
0.38
SPY:
11.01
GMAEX:
4.45%
SPY:
2.03%
GMAEX:
15.42%
SPY:
12.77%
GMAEX:
-40.36%
SPY:
-55.19%
GMAEX:
-25.34%
SPY:
-2.12%
Returns By Period
In the year-to-date period, GMAEX achieves a 4.77% return, which is significantly higher than SPY's 2.36% return.
GMAEX
4.77%
0.71%
-3.90%
0.05%
N/A
N/A
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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GMAEX vs. SPY - Expense Ratio Comparison
GMAEX has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GMAEX vs. SPY — Risk-Adjusted Performance Rank
GMAEX
SPY
GMAEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Quality Cyclicals Fund (GMAEX) 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
GMAEX vs. SPY - Dividend Comparison
GMAEX's dividend yield for the trailing twelve months is around 1.39%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMAEX GMO Quality Cyclicals Fund | 1.39% | 1.46% | 1.80% | 2.95% | 3.24% | 2.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GMAEX vs. SPY - Drawdown Comparison
The maximum GMAEX drawdown since its inception was -40.36%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GMAEX and SPY. For additional features, visit the drawdowns tool.
Volatility
GMAEX vs. SPY - Volatility Comparison
GMO Quality Cyclicals Fund (GMAEX) has a higher volatility of 3.60% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that GMAEX'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.