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.
Correlation
The correlation between HIIFX and SPY is 0.33, 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.
Performance
HIIFX vs. SPY - Performance Comparison
Key characteristics
HIIFX:
2.64
SPY:
1.97
HIIFX:
4.03
SPY:
2.64
HIIFX:
1.57
SPY:
1.36
HIIFX:
5.18
SPY:
2.97
HIIFX:
17.72
SPY:
12.34
HIIFX:
0.64%
SPY:
2.03%
HIIFX:
4.31%
SPY:
12.68%
HIIFX:
-47.99%
SPY:
-55.19%
HIIFX:
0.00%
SPY:
-0.01%
Returns By Period
In the year-to-date period, HIIFX achieves a 2.25% return, which is significantly lower than SPY's 4.03% return. Over the past 10 years, HIIFX has underperformed SPY with an annualized return of 4.07%, while SPY has yielded a comparatively higher 13.22% annualized return.
HIIFX
2.25%
2.25%
5.98%
11.02%
5.29%
4.07%
SPY
4.03%
2.85%
10.70%
23.01%
14.30%
13.22%
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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.
Dividends
HIIFX vs. SPY - Dividend Comparison
HIIFX's dividend yield for the trailing twelve months is around 6.50%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIIFX Catalyst/SMH High Income Fund | 6.50% | 6.68% | 6.56% | 6.65% | 3.92% | 4.85% | 5.37% | 5.65% | 5.51% | 6.86% | 12.15% | 8.36% |
SPY SPDR S&P 500 ETF | 1.16% | 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 -47.99%, 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. For additional features, visit the drawdowns tool.
Volatility
HIIFX vs. SPY - Volatility Comparison
The current volatility for Catalyst/SMH High Income Fund (HIIFX) is 0.98%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. 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.