KCEIX vs. SPY
Compare and contrast key facts about Knights of Columbus Long/Short Equity Fund (KCEIX) and State Street SPDR S&P 500 ETF (SPY).
KCEIX is managed by Catholic Investor. It was launched on Dec 1, 2019. 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
KCEIX vs. SPY - Performance Comparison
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KCEIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
KCEIX Knights of Columbus Long/Short Equity Fund | 3.04% | 5.51% | 15.09% | 2.84% | 10.41% | 16.74% | -11.05% | 0.20% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 3.79% |
Returns By Period
In the year-to-date period, KCEIX achieves a 3.04% return, which is significantly higher than SPY's -4.37% return.
KCEIX
- 1D
- -0.23%
- 1M
- 2.31%
- YTD
- 3.04%
- 6M
- 5.67%
- 1Y
- 9.14%
- 3Y*
- 9.65%
- 5Y*
- 9.17%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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KCEIX vs. SPY - Expense Ratio Comparison
KCEIX has a 1.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
KCEIX vs. SPY — Risk / Return Rank
KCEIX
SPY
KCEIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Knights of Columbus Long/Short Equity Fund (KCEIX) 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.
| KCEIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 0.93 | +0.55 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.45 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.53 | +1.15 |
Martin ratioReturn relative to average drawdown | 8.16 | 7.30 | +0.86 |
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
| KCEIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.93 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.31 | 0.69 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.56 | +0.23 |
Correlation
The correlation between KCEIX and SPY is 0.33, 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.
Dividends
KCEIX vs. SPY - Dividend Comparison
KCEIX's dividend yield for the trailing twelve months is around 1.20%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCEIX Knights of Columbus Long/Short Equity Fund | 1.20% | 1.66% | 2.35% | 2.20% | 7.60% | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
KCEIX vs. SPY - Drawdown Comparison
The maximum KCEIX drawdown since its inception was -16.07%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KCEIX and SPY.
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Drawdown Indicators
| KCEIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.07% | -55.19% | +39.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -12.05% | +8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -7.12% | -24.50% | +17.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -0.23% | -6.24% | +6.01% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -9.09% | +5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.52% | -1.37% |
Volatility
KCEIX vs. SPY - Volatility Comparison
The current volatility for Knights of Columbus Long/Short Equity Fund (KCEIX) is 1.39%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that KCEIX experiences smaller price fluctuations and is considered to be less risky 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
| KCEIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 5.31% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 3.79% | 9.47% | -5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.52% | 19.05% | -12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.02% | 17.06% | -10.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 17.92% | -9.85% |