HRSMX vs. SPY
Compare and contrast key facts about Hood River Small-Cap Growth Fund (HRSMX) and State Street SPDR S&P 500 ETF (SPY).
HRSMX is managed by Hood River Capital Management. It was launched on Jan 2, 2003. 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
HRSMX vs. SPY - Performance Comparison
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HRSMX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRSMX Hood River Small-Cap Growth Fund | 5.38% | 23.85% | 35.48% | 21.52% | -27.99% | 23.19% | 60.80% | 24.13% | -6.91% | 20.60% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 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, HRSMX achieves a 5.38% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, HRSMX has outperformed SPY with an annualized return of 17.50%, while SPY has yielded a comparatively lower 14.06% annualized return.
HRSMX
- 1D
- 5.79%
- 1M
- -7.21%
- YTD
- 5.38%
- 6M
- 10.43%
- 1Y
- 54.19%
- 3Y*
- 26.46%
- 5Y*
- 10.91%
- 10Y*
- 17.50%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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HRSMX vs. SPY - Expense Ratio Comparison
HRSMX has a 1.09% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
HRSMX vs. SPY — Risk / Return Rank
HRSMX
SPY
HRSMX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hood River Small-Cap Growth Fund (HRSMX) 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.
| HRSMX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 0.96 | +0.84 |
Sortino ratioReturn per unit of downside risk | 2.38 | 1.49 | +0.89 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.49 | 1.53 | +1.96 |
Martin ratioReturn relative to average drawdown | 13.94 | 7.27 | +6.67 |
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
| HRSMX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.96 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.70 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.79 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.56 | -0.03 |
Correlation
The correlation between HRSMX and SPY is 0.83, 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
HRSMX vs. SPY - Dividend Comparison
HRSMX's dividend yield for the trailing twelve months is around 4.01%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRSMX Hood River Small-Cap Growth Fund | 4.01% | 4.23% | 3.75% | 0.00% | 0.00% | 19.96% | 6.28% | 0.00% | 4.59% | 6.74% | 0.00% | 5.73% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
HRSMX vs. SPY - Drawdown Comparison
The maximum HRSMX drawdown since its inception was -64.92%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HRSMX and SPY.
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Drawdown Indicators
| HRSMX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.92% | -55.19% | -9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.89% | -12.05% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | -24.50% | -13.99% |
Max Drawdown (10Y)Largest decline over 10 years | -40.74% | -33.72% | -7.02% |
Current DrawdownCurrent decline from peak | -7.21% | -5.53% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -9.09% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 2.54% | +1.19% |
Volatility
HRSMX vs. SPY - Volatility Comparison
Hood River Small-Cap Growth Fund (HRSMX) has a higher volatility of 12.35% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that HRSMX'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.
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Volatility by Period
| HRSMX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.35% | 5.35% | +7.00% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 9.50% | +12.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.18% | 19.06% | +11.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.18% | 17.06% | +10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.82% | 17.92% | +7.90% |