HDPSX vs. SPY
Compare and contrast key facts about Hodges Small Cap Fund (HDPSX) and SPDR S&P 500 ETF (SPY).
HDPSX is managed by Hodges. It was launched on Dec 18, 2007. 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: HDPSX or SPY.
Correlation
The correlation between HDPSX and SPY is 0.82, 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
HDPSX vs. SPY - Performance Comparison
Key characteristics
HDPSX:
-0.50
SPY:
0.56
HDPSX:
-0.50
SPY:
0.92
HDPSX:
0.93
SPY:
1.14
HDPSX:
-0.36
SPY:
0.59
HDPSX:
-0.90
SPY:
2.32
HDPSX:
16.44%
SPY:
4.80%
HDPSX:
29.79%
SPY:
20.01%
HDPSX:
-65.86%
SPY:
-55.19%
HDPSX:
-32.39%
SPY:
-8.17%
Returns By Period
In the year-to-date period, HDPSX achieves a -13.92% return, which is significantly lower than SPY's -3.97% return. Over the past 10 years, HDPSX has underperformed SPY with an annualized return of -0.60%, while SPY has yielded a comparatively higher 12.19% annualized return.
HDPSX
-13.92%
10.33%
-28.91%
-16.05%
8.79%
-0.60%
SPY
-3.97%
11.26%
-4.45%
9.89%
15.66%
12.19%
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HDPSX vs. SPY - Expense Ratio Comparison
HDPSX has a 1.36% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HDPSX vs. SPY — Risk-Adjusted Performance Rank
HDPSX
SPY
HDPSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hodges Small Cap Fund (HDPSX) 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
HDPSX vs. SPY - Dividend Comparison
HDPSX's dividend yield for the trailing twelve months is around 17.41%, more than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDPSX Hodges Small Cap Fund | 17.41% | 14.99% | 5.01% | 6.46% | 19.53% | 0.00% | 8.25% | 4.66% | 14.53% | 0.32% | 0.35% | 1.28% |
SPY SPDR S&P 500 ETF | 1.28% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HDPSX vs. SPY - Drawdown Comparison
The maximum HDPSX drawdown since its inception was -65.86%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HDPSX and SPY. For additional features, visit the drawdowns tool.
Volatility
HDPSX vs. SPY - Volatility Comparison
Hodges Small Cap Fund (HDPSX) has a higher volatility of 14.17% compared to SPDR S&P 500 ETF (SPY) at 12.55%. This indicates that HDPSX'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.