HIIFX vs. SPY
Compare and contrast key facts about Catalyst/SMH High Income Fund (HIIFX) and State Street 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.
Performance
HIIFX vs. SPY - Performance Comparison
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HIIFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIIFX Catalyst/SMH High Income Fund | -3.01% | 15.31% | 8.33% | 16.44% | -13.48% | 8.03% | 10.00% | 8.36% | -1.46% | 9.58% |
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, HIIFX achieves a -3.01% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, HIIFX has underperformed SPY with an annualized return of 8.16%, while SPY has yielded a comparatively higher 13.98% annualized return.
HIIFX
- 1D
- -0.17%
- 1M
- -2.17%
- YTD
- -3.01%
- 6M
- -1.93%
- 1Y
- 14.54%
- 3Y*
- 11.13%
- 5Y*
- 4.87%
- 10Y*
- 8.16%
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%
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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.
Return for Risk
HIIFX vs. SPY — Risk / Return Rank
HIIFX
SPY
HIIFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/SMH High Income Fund (HIIFX) 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.
| HIIFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 0.93 | +0.86 |
Sortino ratioReturn per unit of downside risk | 2.46 | 1.45 | +1.01 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.22 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.53 | +0.99 |
Martin ratioReturn relative to average drawdown | 7.27 | 7.30 | -0.03 |
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
| HIIFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.93 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.69 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.37 | 0.78 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.56 | -0.40 |
Correlation
The correlation between HIIFX and SPY is 0.35, 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.
Dividends
HIIFX vs. SPY - Dividend Comparison
HIIFX's dividend yield for the trailing twelve months is around 5.54%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIIFX Catalyst/SMH High Income Fund | 5.54% | 4.65% | 6.03% | 6.55% | 6.64% | 4.03% | 5.00% | 5.37% | 5.61% | 5.50% | 6.81% | 12.14% |
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
HIIFX vs. SPY - Drawdown Comparison
The maximum HIIFX drawdown since its inception was -51.29%, 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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Drawdown Indicators
| HIIFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.29% | -55.19% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -12.05% | +6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -24.50% | +5.92% |
Max Drawdown (10Y)Largest decline over 10 years | -18.58% | -33.72% | +15.14% |
Current DrawdownCurrent decline from peak | -4.89% | -6.24% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -15.41% | -9.09% | -6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.52% | -0.70% |
Volatility
HIIFX vs. SPY - Volatility Comparison
The current volatility for Catalyst/SMH High Income Fund (HIIFX) is 2.33%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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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Volatility by Period
| HIIFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 5.31% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 4.82% | 9.47% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.02% | 19.05% | -11.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 17.06% | -10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.00% | 17.92% | -11.92% |