IWIRX vs. SPY
Compare and contrast key facts about Guinness Atkinson Global Innovators Fund (IWIRX) and State Street 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.
Performance
IWIRX vs. SPY - Performance Comparison
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IWIRX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWIRX Guinness Atkinson Global Innovators Fund | -6.14% | 19.93% | 19.47% | 39.36% | -29.72% | 4.85% | 36.21% | 37.05% | -16.90% | 34.77% |
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, IWIRX achieves a -6.14% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, IWIRX has underperformed SPY with an annualized return of 12.26%, while SPY has yielded a comparatively higher 14.06% annualized return.
IWIRX
- 1D
- 3.32%
- 1M
- -5.76%
- YTD
- -6.14%
- 6M
- -4.37%
- 1Y
- 16.40%
- 3Y*
- 17.44%
- 5Y*
- 5.30%
- 10Y*
- 12.26%
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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IWIRX vs. SPY - Expense Ratio Comparison
IWIRX has a 1.24% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
IWIRX vs. SPY — Risk / Return Rank
IWIRX
SPY
IWIRX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guinness Atkinson Global Innovators Fund (IWIRX) 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.
| IWIRX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.96 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.49 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.53 | -0.21 |
Martin ratioReturn relative to average drawdown | 4.90 | 7.27 | -2.36 |
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
| IWIRX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.96 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.70 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.79 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.56 | -0.19 |
Correlation
The correlation between IWIRX and SPY is 0.89, 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
IWIRX vs. SPY - Dividend Comparison
IWIRX's dividend yield for the trailing twelve months is around 17.89%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWIRX Guinness Atkinson Global Innovators Fund | 17.89% | 16.79% | 12.54% | 3.85% | 12.52% | 2.58% | 2.65% | 4.54% | 7.63% | 2.27% | 0.92% | 4.77% |
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
IWIRX vs. SPY - Drawdown Comparison
The maximum IWIRX drawdown since its inception was -70.99%, 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.
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Drawdown Indicators
| IWIRX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.99% | -55.19% | -15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -12.05% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -44.99% | -24.50% | -20.49% |
Max Drawdown (10Y)Largest decline over 10 years | -44.99% | -33.72% | -11.27% |
Current DrawdownCurrent decline from peak | -9.11% | -5.53% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -21.43% | -9.09% | -12.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.54% | +0.84% |
Volatility
IWIRX vs. SPY - Volatility Comparison
Guinness Atkinson Global Innovators Fund (IWIRX) has a higher volatility of 6.21% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that IWIRX'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
| IWIRX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 5.35% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 9.50% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.82% | 19.06% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.40% | 17.06% | +7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.78% | 17.92% | +4.86% |