HIOIX vs. SPY

Last updated Apr 1, 2026

Compare and contrast key facts about Fintrust Income and Opportunity Fund (HIOIX) and State Street SPDR S&P 500 ETF (SPY).

HIOIX is managed by FinTrust. It was launched on Jan 20, 2016. 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

HIOIX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fintrust Income and Opportunity Fund (HIOIX) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

HIOIX vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIOIX Fintrust Income and Opportunity Fund	-8.23%	11.55%	24.67%	15.35%	-9.11%	-1.09%	10.63%	13.30%	-6.52%	7.89%
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%	20.78%

Returns By Period

In the year-to-date period, HIOIX achieves a -8.23% return, which is significantly lower than SPY's -4.37% return.

HIOIX

• 1D: 0.09%
• 1M: -7.79%
• YTD: -8.23%
• 6M: -11.08%
• 1Y: 9.04%
• 3Y*: 12.92%
• 5Y*: 3.68%
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIOIX vs. SPY - Expense Ratio Comparison

HIOIX has a 2.19% expense ratio, which is higher than SPY's 0.09% expense ratio.

HIOIX

Fintrust Income and Opportunity Fund

SPY

State Street SPDR S&P 500 ETF

Return for Risk

HIOIX vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIOIX

HIOIX Risk / Return Rank: 15
HIOIX Sharpe Ratio Rank: 15
HIOIX Sortino Ratio Rank: 15
HIOIX Omega Ratio Rank: 14
HIOIX Calmar Ratio Rank: 16
HIOIX Martin Ratio Rank: 14

SPY

SPY Risk / Return Rank: 64
SPY Sharpe Ratio Rank: 56
SPY Sortino Ratio Rank: 60
SPY Omega Ratio Rank: 65
SPY Calmar Ratio Rank: 65
SPY Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIOIX vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fintrust Income and Opportunity Fund (HIOIX) 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.

	HIOIX	SPY	Difference
Sharpe ratio Return per unit of total volatility	0.40	0.93	-0.53
Sortino ratio Return per unit of downside risk	0.69	1.45	-0.76
Omega ratio Gain probability vs. loss probability	1.09	1.22	-0.13
Calmar ratio Return relative to maximum drawdown	0.46	1.53	-1.07
Martin ratio Return relative to average drawdown	1.37	7.30	-5.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIOIX vs. SPY - Sharpe Ratio Comparison

The current HIOIX Sharpe Ratio is 0.40, which is lower than the SPY Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of HIOIX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HIOIX	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	0.93	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.69	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.56	-0.22

Correlation

The correlation between HIOIX and SPY is 0.76, 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

HIOIX vs. SPY - Dividend Comparison

HIOIX's dividend yield for the trailing twelve months is around 10.00%, more than SPY's 1.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HIOIX Fintrust Income and Opportunity Fund	10.00%	9.18%	9.65%	0.00%	0.00%	6.08%	5.66%	3.97%	5.35%	11.20%	0.00%	0.00%
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

HIOIX vs. SPY - Drawdown Comparison

The maximum HIOIX drawdown since its inception was -30.26%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HIOIX and SPY.

Drawdown Indicators

	HIOIX	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-30.26%	-55.19%	+24.93%
Max Drawdown (1Y) Largest decline over 1 year	-12.58%	-12.05%	-0.53%
Max Drawdown (5Y) Largest decline over 5 years	-29.03%	-24.50%	-4.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-12.51%	-6.24%	-6.27%
Average Drawdown Average peak-to-trough decline	-8.02%	-9.09%	+1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	2.52%	+1.67%

Volatility

HIOIX vs. SPY - Volatility Comparison

Fintrust Income and Opportunity Fund (HIOIX) and State Street SPDR S&P 500 ETF (SPY) have volatilities of 5.53% and 5.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIOIX	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	5.31%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	9.47%	+3.53%
Volatility (1Y) Calculated over the trailing 1-year period	20.82%	19.05%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	17.06%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	17.92%	-1.27%