Correlation
The correlation between IWIRX and SPY is 0.90, 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.
IWIRX vs. SPY
Compare and contrast key facts about Guinness Atkinson Global Innovators Fund (IWIRX) and SPDR S&P 500 ETF (SPY).
IWIRX is managed by Guinness Atkinson. It was launched on Dec 15, 1998. 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: IWIRX or SPY.
Performance
IWIRX vs. SPY - Performance Comparison
Loading data...
Key characteristics
IWIRX:
0.36
SPY:
0.70
IWIRX:
0.58
SPY:
1.02
IWIRX:
1.09
SPY:
1.15
IWIRX:
0.26
SPY:
0.68
IWIRX:
0.71
SPY:
2.57
IWIRX:
10.06%
SPY:
4.93%
IWIRX:
27.34%
SPY:
20.42%
IWIRX:
-71.79%
SPY:
-55.19%
IWIRX:
-10.65%
SPY:
-3.55%
Returns By Period
In the year-to-date period, IWIRX achieves a 4.45% return, which is significantly higher than SPY's 0.87% return. Both investments have delivered pretty close results over the past 10 years, with IWIRX having a 12.36% annualized return and SPY not far ahead at 12.73%.
IWIRX
4.45%
6.79%
2.20%
9.36%
15.69%
14.84%
12.36%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IWIRX vs. SPY - Expense Ratio Comparison
IWIRX has a 1.24% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IWIRX vs. SPY — Risk-Adjusted Performance Rank
IWIRX
SPY
IWIRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guinness Atkinson Global Innovators Fund (IWIRX) 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.
Loading data...
Dividends
IWIRX vs. SPY - Dividend Comparison
IWIRX's dividend yield for the trailing twelve months is around 12.00%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWIRX Guinness Atkinson Global Innovators Fund | 12.00% | 12.54% | 3.85% | 12.52% | 17.82% | 2.65% | 4.54% | 7.63% | 2.27% | 0.92% | 4.77% | 1.47% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IWIRX vs. SPY - Drawdown Comparison
The maximum IWIRX drawdown since its inception was -71.79%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IWIRX and SPY.
Loading data...
Volatility
IWIRX vs. SPY - Volatility Comparison
Guinness Atkinson Global Innovators Fund (IWIRX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.93% and 4.86%, 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.
Loading data...