HDPSX vs. SPY
Compare and contrast key facts about Hodges Small Cap Fund (HDPSX) and State Street 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.
Performance
HDPSX vs. SPY - Performance Comparison
Loading graphics...
HDPSX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDPSX Hodges Small Cap Fund | 1.99% | 3.07% | 62.98% | 14.88% | -12.78% | 35.60% | 16.98% | 16.85% | -16.35% | 9.34% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, HDPSX achieves a 1.99% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, HDPSX has underperformed SPY with an annualized return of 13.29%, while SPY has yielded a comparatively higher 13.98% annualized return.
HDPSX
- 1D
- -1.86%
- 1M
- -7.60%
- YTD
- 1.99%
- 6M
- 1.20%
- 1Y
- 19.73%
- 3Y*
- 23.37%
- 5Y*
- 12.50%
- 10Y*
- 13.29%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HDPSX vs. SPY - Expense Ratio Comparison
HDPSX has a 1.36% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
HDPSX vs. SPY — Risk / Return Rank
HDPSX
SPY
HDPSX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hodges Small Cap Fund (HDPSX) and State Street 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.
| HDPSX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.93 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.45 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.53 | -0.54 |
Martin ratioReturn relative to average drawdown | 3.66 | 7.30 | -3.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HDPSX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.93 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.69 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.78 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.56 | -0.17 |
Correlation
The correlation between HDPSX and SPY is 0.81, 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.
Dividends
HDPSX vs. SPY - Dividend Comparison
HDPSX's dividend yield for the trailing twelve months is around 7.49%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDPSX Hodges Small Cap Fund | 7.49% | 7.64% | 44.97% | 5.01% | 6.46% | 19.53% | 0.00% | 8.25% | 4.66% | 14.53% | 0.32% | 0.35% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
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.
Loading graphics...
Drawdown Indicators
| HDPSX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.86% | -55.19% | -10.67% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -12.05% | -4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -28.83% | -24.50% | -4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -58.96% | -33.72% | -25.24% |
Current DrawdownCurrent decline from peak | -10.42% | -6.24% | -4.18% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -9.09% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 2.52% | +1.92% |
Volatility
HDPSX vs. SPY - Volatility Comparison
Hodges Small Cap Fund (HDPSX) has a higher volatility of 7.14% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. 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.
Loading graphics...
Volatility by Period
| HDPSX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 5.31% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.62% | 9.47% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.11% | 19.05% | +8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.97% | 17.06% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.42% | 17.92% | +9.50% |