ITEQ vs. SPY
Compare and contrast key facts about BlueStar Israel Technology ETF (ITEQ) and SPDR S&P 500 ETF (SPY).
ITEQ and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITEQ is a passively managed fund by ETFMG that tracks the performance of the BlueStar Israel Global Technology Index. It was launched on Nov 2, 2015. 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. Both ITEQ and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITEQ or SPY.
Correlation
The correlation between ITEQ and SPY is 0.74, 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
ITEQ vs. SPY - Performance Comparison
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Key characteristics
ITEQ:
0.74
SPY:
0.66
ITEQ:
1.11
SPY:
1.12
ITEQ:
1.15
SPY:
1.17
ITEQ:
0.38
SPY:
0.75
ITEQ:
2.44
SPY:
2.92
ITEQ:
7.06%
SPY:
4.86%
ITEQ:
24.58%
SPY:
20.32%
ITEQ:
-54.59%
SPY:
-55.19%
ITEQ:
-33.58%
SPY:
-4.60%
Returns By Period
In the year-to-date period, ITEQ achieves a 1.85% return, which is significantly higher than SPY's -0.23% return.
ITEQ
1.85%
10.15%
4.00%
17.97%
4.47%
N/A
SPY
-0.23%
9.19%
-2.01%
13.36%
17.44%
12.59%
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ITEQ vs. SPY - Expense Ratio Comparison
ITEQ has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ITEQ vs. SPY — Risk-Adjusted Performance Rank
ITEQ
SPY
ITEQ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlueStar Israel Technology ETF (ITEQ) 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.
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Dividends
ITEQ vs. SPY - Dividend Comparison
ITEQ's dividend yield for the trailing twelve months is around 0.01%, less than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITEQ BlueStar Israel Technology ETF | 0.01% | 0.01% | 0.00% | 0.00% | 0.08% | 0.57% | 0.02% | 0.29% | 0.54% | 0.37% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ITEQ vs. SPY - Drawdown Comparison
The maximum ITEQ drawdown since its inception was -54.59%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ITEQ and SPY. For additional features, visit the drawdowns tool.
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Volatility
ITEQ vs. SPY - Volatility Comparison
BlueStar Israel Technology ETF (ITEQ) and SPDR S&P 500 ETF (SPY) have volatilities of 6.29% and 6.39%, 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.
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