HDPSX vs. SPYG
Compare and contrast key facts about Hodges Small Cap Fund (HDPSX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG).
HDPSX is managed by Hodges. It was launched on Dec 18, 2007. 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.
Performance
HDPSX vs. SPYG - Performance Comparison
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HDPSX vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDPSX Hodges Small Cap Fund | 5.41% | 3.07% | 62.98% | 14.88% | -12.78% | 35.60% | 16.98% | 16.85% | -16.35% | 9.34% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | -6.91% | 22.09% | 35.99% | 30.02% | -29.41% | 32.01% | 33.46% | 30.84% | -0.12% | 27.24% |
Returns By Period
In the year-to-date period, HDPSX achieves a 5.41% return, which is significantly higher than SPYG's -6.91% return. Over the past 10 years, HDPSX has underperformed SPYG with an annualized return of 13.66%, while SPYG has yielded a comparatively higher 15.90% annualized return.
HDPSX
- 1D
- 3.36%
- 1M
- -5.31%
- YTD
- 5.41%
- 6M
- 3.98%
- 1Y
- 22.95%
- 3Y*
- 24.73%
- 5Y*
- 12.96%
- 10Y*
- 13.66%
SPYG
- 1D
- 1.32%
- 1M
- -4.24%
- YTD
- -6.91%
- 6M
- -5.21%
- 1Y
- 23.24%
- 3Y*
- 22.39%
- 5Y*
- 12.53%
- 10Y*
- 15.90%
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HDPSX vs. SPYG - Expense Ratio Comparison
HDPSX has a 1.36% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Return for Risk
HDPSX vs. SPYG — Risk / Return Rank
HDPSX
SPYG
HDPSX vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hodges Small Cap Fund (HDPSX) and State Street 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.
| HDPSX | SPYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.04 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.62 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.75 | -0.33 |
Martin ratioReturn relative to average drawdown | 5.29 | 6.81 | -1.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDPSX | SPYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.04 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.60 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.78 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.32 | +0.08 |
Correlation
The correlation between HDPSX and SPYG is 0.75, 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. SPYG - Dividend Comparison
HDPSX's dividend yield for the trailing twelve months is around 7.25%, more than SPYG's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDPSX Hodges Small Cap Fund | 7.25% | 7.64% | 44.97% | 5.01% | 6.46% | 19.53% | 0.00% | 8.25% | 4.66% | 14.53% | 0.32% | 0.35% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.57% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Drawdowns
HDPSX vs. SPYG - Drawdown Comparison
The maximum HDPSX drawdown since its inception was -65.86%, roughly equal to the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for HDPSX and SPYG.
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Drawdown Indicators
| HDPSX | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.86% | -67.63% | +1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -13.76% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -28.83% | -32.67% | +3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -58.96% | -32.67% | -26.29% |
Current DrawdownCurrent decline from peak | -7.41% | -9.06% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -24.48% | +13.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 3.55% | +0.92% |
Volatility
HDPSX vs. SPYG - Volatility Comparison
Hodges Small Cap Fund (HDPSX) has a higher volatility of 7.95% compared to State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) at 7.32%. This indicates that HDPSX's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDPSX | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | 7.32% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.96% | 12.90% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.26% | 22.42% | +4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.00% | 21.13% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.44% | 20.57% | +6.87% |