GPAIX vs. SPY
Compare and contrast key facts about Grant Park Multi Alternative Strategies Fund (GPAIX) and SPDR S&P 500 ETF (SPY).
GPAIX is managed by Grant Park. It was launched on Dec 30, 2013. 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: GPAIX or SPY.
Correlation
The correlation between GPAIX and SPY is 0.42, 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
GPAIX vs. SPY - Performance Comparison
Key characteristics
GPAIX:
0.00
SPY:
0.51
GPAIX:
0.05
SPY:
0.86
GPAIX:
1.01
SPY:
1.13
GPAIX:
0.00
SPY:
0.55
GPAIX:
0.01
SPY:
2.26
GPAIX:
3.07%
SPY:
4.55%
GPAIX:
7.44%
SPY:
20.08%
GPAIX:
-17.16%
SPY:
-55.19%
GPAIX:
-4.40%
SPY:
-9.89%
Returns By Period
In the year-to-date period, GPAIX achieves a 0.76% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, GPAIX has underperformed SPY with an annualized return of 1.72%, while SPY has yielded a comparatively higher 12.04% annualized return.
GPAIX
0.76%
-0.47%
1.43%
-0.90%
1.79%
1.72%
SPY
-5.76%
-2.90%
-4.30%
9.72%
15.64%
12.04%
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GPAIX vs. SPY - Expense Ratio Comparison
GPAIX has a 1.43% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GPAIX vs. SPY — Risk-Adjusted Performance Rank
GPAIX
SPY
GPAIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grant Park Multi Alternative Strategies Fund (GPAIX) 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
GPAIX vs. SPY - Dividend Comparison
GPAIX's dividend yield for the trailing twelve months is around 1.99%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPAIX Grant Park Multi Alternative Strategies Fund | 1.99% | 2.01% | 1.98% | 2.71% | 4.88% | 0.60% | 11.53% | 0.00% | 0.00% | 1.92% | 0.76% | 3.24% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GPAIX vs. SPY - Drawdown Comparison
The maximum GPAIX drawdown since its inception was -17.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GPAIX and SPY. For additional features, visit the drawdowns tool.
Volatility
GPAIX vs. SPY - Volatility Comparison
The current volatility for Grant Park Multi Alternative Strategies Fund (GPAIX) is 3.39%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that GPAIX 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.