INIVX vs. SPY
Compare and contrast key facts about VanEck International Investors Gold Fund (INIVX) and SPDR S&P 500 ETF (SPY).
INIVX is managed by VanEck. It was launched on Feb 9, 1956. 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: INIVX or SPY.
Key characteristics
| INIVX | SPY | |
|---|---|---|
| YTD Return | 23.92% | 18.86% |
| 1Y Return | 33.21% | 28.13% |
| 3Y Return (Ann) | 7.82% | 9.87% |
| 5Y Return (Ann) | 7.65% | 15.23% |
| 10Y Return (Ann) | 5.74% | 12.80% |
| Sharpe Ratio | 1.17 | 2.21 |
| Daily Std Dev | 27.49% | 12.60% |
| Max Drawdown | -79.09% | -55.19% |
| Current Drawdown | -31.37% | -0.61% |
Correlation
The correlation between INIVX and SPY is 0.16, 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
INIVX vs. SPY - Performance Comparison
In the year-to-date period, INIVX achieves a 23.92% return, which is significantly higher than SPY's 18.86% return. Over the past 10 years, INIVX has underperformed SPY with an annualized return of 5.74%, while SPY has yielded a comparatively higher 12.80% 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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INIVX vs. SPY - Expense Ratio Comparison
INIVX has a 1.42% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
INIVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck International Investors Gold Fund (INIVX) 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
INIVX vs. SPY - Dividend Comparison
INIVX's dividend yield for the trailing twelve months is around 0.08%, less than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INIVX VanEck International Investors Gold Fund | 0.08% | 0.10% | 0.00% | 6.40% | 11.70% | 3.66% | 2.87% | 3.76% | 6.40% | 0.00% | 0.00% | 0.77% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
INIVX vs. SPY - Drawdown Comparison
The maximum INIVX drawdown since its inception was -79.09%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for INIVX and SPY. For additional features, visit the drawdowns tool.
Volatility
INIVX vs. SPY - Volatility Comparison
VanEck International Investors Gold Fund (INIVX) has a higher volatility of 8.68% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that INIVX'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.