NAVFX vs. SPY
Compare and contrast key facts about Sector Rotation Fund (NAVFX) and State Street SPDR S&P 500 ETF (SPY).
NAVFX is managed by Nottingham. It was launched on Dec 30, 2009. 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
NAVFX vs. SPY - Performance Comparison
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NAVFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAVFX Sector Rotation Fund | -3.62% | 13.35% | 21.19% | 24.55% | -17.89% | 15.78% | 11.54% | 22.22% | -5.38% | 20.41% |
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
The year-to-date returns for both stocks are quite close, with NAVFX having a -3.62% return and SPY slightly lower at -3.65%. Over the past 10 years, NAVFX has underperformed SPY with an annualized return of 10.09%, while SPY has yielded a comparatively higher 14.06% annualized return.
NAVFX
- 1D
- 3.84%
- 1M
- -6.39%
- YTD
- -3.62%
- 6M
- -2.12%
- 1Y
- 14.11%
- 3Y*
- 15.49%
- 5Y*
- 7.91%
- 10Y*
- 10.09%
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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NAVFX vs. SPY - Expense Ratio Comparison
NAVFX has a 1.97% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
NAVFX vs. SPY — Risk / Return Rank
NAVFX
SPY
NAVFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sector Rotation Fund (NAVFX) 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.
| NAVFX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.96 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.49 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.53 | -0.38 |
Martin ratioReturn relative to average drawdown | 5.44 | 7.27 | -1.83 |
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
| NAVFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.96 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.70 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.79 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.56 | +0.07 |
Correlation
The correlation between NAVFX and SPY is 0.96, 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
NAVFX vs. SPY - Dividend Comparison
NAVFX's dividend yield for the trailing twelve months is around 2.30%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAVFX Sector Rotation Fund | 2.30% | 2.21% | 7.02% | 1.66% | 7.80% | 5.16% | 1.16% | 8.54% | 10.05% | 6.08% | 2.96% | 3.14% |
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
NAVFX vs. SPY - Drawdown Comparison
The maximum NAVFX drawdown since its inception was -30.79%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NAVFX and SPY.
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Drawdown Indicators
| NAVFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -55.19% | +24.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -12.05% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -24.30% | -24.50% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -30.79% | -33.72% | +2.93% |
Current DrawdownCurrent decline from peak | -6.69% | -5.53% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -9.09% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.54% | +0.20% |
Volatility
NAVFX vs. SPY - Volatility Comparison
Sector Rotation Fund (NAVFX) has a higher volatility of 6.72% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that NAVFX'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
| NAVFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 5.35% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 9.50% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 19.06% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 17.06% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 17.92% | -1.39% |