Correlation
The correlation between HIIFX and SPY is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
HIIFX vs. SPY
Compare and contrast key facts about Catalyst/SMH High Income Fund (HIIFX) and SPDR S&P 500 ETF (SPY).
HIIFX is managed by Catalyst Mutual Funds. It was launched on May 21, 2008. 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: HIIFX or SPY.
Performance
HIIFX vs. SPY - Performance Comparison
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Key characteristics
HIIFX:
0.80
SPY:
0.70
HIIFX:
0.99
SPY:
1.02
HIIFX:
1.15
SPY:
1.15
HIIFX:
0.54
SPY:
0.68
HIIFX:
1.75
SPY:
2.57
HIIFX:
2.61%
SPY:
4.93%
HIIFX:
6.46%
SPY:
20.42%
HIIFX:
-45.72%
SPY:
-55.19%
HIIFX:
-4.23%
SPY:
-3.55%
Returns By Period
In the year-to-date period, HIIFX achieves a -2.07% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, HIIFX has underperformed SPY with an annualized return of 3.92%, while SPY has yielded a comparatively higher 12.73% annualized return.
HIIFX
-2.07%
1.42%
-3.06%
4.81%
6.32%
6.75%
3.92%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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HIIFX vs. SPY - Expense Ratio Comparison
HIIFX has a 1.49% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HIIFX vs. SPY — Risk-Adjusted Performance Rank
HIIFX
SPY
HIIFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/SMH High Income Fund (HIIFX) 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.
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Dividends
HIIFX vs. SPY - Dividend Comparison
HIIFX's dividend yield for the trailing twelve months is around 6.01%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIIFX Catalyst/SMH High Income Fund | 6.01% | 6.68% | 6.56% | 6.65% | 4.04% | 5.00% | 5.37% | 5.65% | 5.51% | 6.86% | 12.15% | 8.36% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HIIFX vs. SPY - Drawdown Comparison
The maximum HIIFX drawdown since its inception was -45.72%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HIIFX and SPY.
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Volatility
HIIFX vs. SPY - Volatility Comparison
The current volatility for Catalyst/SMH High Income Fund (HIIFX) is 2.43%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that HIIFX 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.
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