Correlation
The correlation between HDPBX and SPYG is 0.93, 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.
HDPBX vs. SPYG
Compare and contrast key facts about Hodges Blue Chip Equity Income Fund (HDPBX) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
HDPBX is managed by Hodges. It was launched on Sep 10, 2009. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDPBX or SPYG.
Performance
HDPBX vs. SPYG - Performance Comparison
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Key characteristics
HDPBX:
0.90
SPYG:
0.82
HDPBX:
1.25
SPYG:
1.15
HDPBX:
1.19
SPYG:
1.16
HDPBX:
0.88
SPYG:
0.82
HDPBX:
3.32
SPYG:
2.75
HDPBX:
5.55%
SPYG:
6.63%
HDPBX:
22.26%
SPYG:
25.18%
HDPBX:
-35.10%
SPYG:
-67.79%
HDPBX:
-4.25%
SPYG:
-2.78%
Returns By Period
The year-to-date returns for both investments are quite close, with HDPBX having a 2.17% return and SPYG slightly higher at 2.18%. Over the past 10 years, HDPBX has underperformed SPYG with an annualized return of 12.58%, while SPYG has yielded a comparatively higher 14.90% annualized return.
HDPBX
2.17%
6.71%
-0.81%
19.99%
16.71%
17.40%
12.58%
SPYG
2.18%
9.38%
3.01%
20.59%
17.35%
16.74%
14.90%
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HDPBX vs. SPYG - Expense Ratio Comparison
HDPBX has a 1.30% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
HDPBX vs. SPYG — Risk-Adjusted Performance Rank
HDPBX
SPYG
HDPBX vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hodges Blue Chip Equity Income Fund (HDPBX) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
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Dividends
HDPBX vs. SPYG - Dividend Comparison
HDPBX's dividend yield for the trailing twelve months is around 13.68%, more than SPYG's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDPBX Hodges Blue Chip Equity Income Fund | 13.68% | 13.97% | 0.90% | 8.75% | 10.88% | 5.26% | 7.59% | 5.83% | 9.44% | 5.04% | 7.86% | 5.10% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.60% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
HDPBX vs. SPYG - Drawdown Comparison
The maximum HDPBX drawdown since its inception was -35.10%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for HDPBX and SPYG.
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Volatility
HDPBX vs. SPYG - Volatility Comparison
Hodges Blue Chip Equity Income Fund (HDPBX) and SPDR Portfolio S&P 500 Growth ETF (SPYG) have volatilities of 5.75% and 5.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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