ITOT vs. SPY
Compare and contrast key facts about iShares Core S&P Total U.S. Stock Market ETF (ITOT) and SPDR S&P 500 ETF (SPY).
ITOT and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITOT is a passively managed fund by iShares that tracks the performance of the S&P Composite 1500 Index. It was launched on Jan 20, 2004. 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 ITOT 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: ITOT or SPY.
Key characteristics
ITOT | SPY | |
---|---|---|
YTD Return | 9.86% | 10.39% |
1Y Return | 31.89% | 32.22% |
3Y Return (Ann) | 9.80% | 11.39% |
5Y Return (Ann) | 14.22% | 14.97% |
10Y Return (Ann) | 12.43% | 12.86% |
Sharpe Ratio | 2.82 | 2.96 |
Daily Std Dev | 12.02% | 11.54% |
Max Drawdown | -55.21% | -55.19% |
Current Drawdown | 0.00% | -0.02% |
Correlation
The correlation between ITOT and SPY is 0.98, 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
ITOT vs. SPY - Performance Comparison
In the year-to-date period, ITOT achieves a 9.86% return, which is significantly lower than SPY's 10.39% return. Both investments have delivered pretty close results over the past 10 years, with ITOT having a 12.43% annualized return and SPY not far ahead at 12.86%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
ITOT vs. SPY - Expense Ratio Comparison
Risk-Adjusted Performance
ITOT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Total U.S. Stock Market ETF (ITOT) 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
iShares Core S&P Total U.S. Stock Market ETF | 2.82 | ||||
SPDR S&P 500 ETF | 2.96 |
Dividends
ITOT vs. SPY - Dividend Comparison
ITOT's dividend yield for the trailing twelve months is around 1.31%, more than SPY's 1.29% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
iShares Core S&P Total U.S. Stock Market ETF | 1.31% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% | 2.20% | 2.06% |
SPDR S&P 500 ETF | 1.29% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ITOT vs. SPY - Drawdown Comparison
The maximum ITOT drawdown since its inception was -55.21%, roughly equal to the maximum SPY drawdown of -55.19%. The drawdown chart below compares losses from any high point along the way for ITOT and SPY
Volatility
ITOT vs. SPY - Volatility Comparison
iShares Core S&P Total U.S. Stock Market ETF (ITOT) and SPDR S&P 500 ETF (SPY) have volatilities of 2.81% and 2.74%, 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.