HNASX vs. SPY
Compare and contrast key facts about Homestead Growth Fund (HNASX) and SPDR S&P 500 ETF (SPY).
HNASX is managed by Homestead. It was launched on Jan 22, 2001. 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: HNASX or SPY.
Key characteristics
HNASX | SPY | |
---|---|---|
YTD Return | 22.10% | 19.22% |
1Y Return | 35.11% | 28.25% |
3Y Return (Ann) | 6.11% | 9.99% |
5Y Return (Ann) | 16.08% | 15.19% |
10Y Return (Ann) | 15.01% | 12.84% |
Sharpe Ratio | 2.12 | 2.25 |
Daily Std Dev | 16.34% | 12.59% |
Max Drawdown | -53.78% | -55.19% |
Current Drawdown | -2.89% | -0.32% |
Correlation
The correlation between HNASX and SPY is 0.89, 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.
Performance
HNASX vs. SPY - Performance Comparison
In the year-to-date period, HNASX achieves a 22.10% return, which is significantly higher than SPY's 19.22% return. Over the past 10 years, HNASX has outperformed SPY with an annualized return of 15.01%, while SPY has yielded a comparatively lower 12.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HNASX vs. SPY - Expense Ratio Comparison
HNASX has a 0.84% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HNASX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Homestead Growth Fund (HNASX) 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
HNASX vs. SPY - Dividend Comparison
HNASX's dividend yield for the trailing twelve months is around 3.07%, more than SPY's 0.93% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Homestead Growth Fund | 3.07% | 2.57% | 6.80% | 9.12% | 4.73% | 4.55% | 11.39% | 6.41% | 1.54% | 6.52% | 10.15% | 3.38% |
SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HNASX vs. SPY - Drawdown Comparison
The maximum HNASX drawdown since its inception was -53.78%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HNASX and SPY. For additional features, visit the drawdowns tool.
Volatility
HNASX vs. SPY - Volatility Comparison
Homestead Growth Fund (HNASX) has a higher volatility of 4.91% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that HNASX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.