Correlation
The correlation between NETZ and SPY is 0.81, 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.
NETZ vs. SPY
Compare and contrast key facts about TCW Transform Systems ETF (NETZ) and SPDR S&P 500 ETF (SPY).
NETZ and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NETZ is an actively managed fund by TCW. It was launched on Feb 2, 2022. 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: NETZ or SPY.
Performance
NETZ vs. SPY - Performance Comparison
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Key characteristics
NETZ:
0.62
SPY:
0.70
NETZ:
0.90
SPY:
1.02
NETZ:
1.13
SPY:
1.15
NETZ:
0.58
SPY:
0.68
NETZ:
1.93
SPY:
2.57
NETZ:
7.76%
SPY:
4.93%
NETZ:
26.66%
SPY:
20.42%
NETZ:
-25.87%
SPY:
-55.19%
NETZ:
-1.18%
SPY:
-3.55%
Returns By Period
In the year-to-date period, NETZ achieves a 13.24% return, which is significantly higher than SPY's 0.87% return.
NETZ
13.24%
11.44%
5.87%
16.31%
18.76%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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NETZ vs. SPY - Expense Ratio Comparison
NETZ has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NETZ vs. SPY — Risk-Adjusted Performance Rank
NETZ
SPY
NETZ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (NETZ) 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.
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Dividends
NETZ vs. SPY - Dividend Comparison
NETZ's dividend yield for the trailing twelve months is around 0.44%, less than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NETZ TCW Transform Systems ETF | 0.44% | 0.49% | 0.78% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
NETZ vs. SPY - Drawdown Comparison
The maximum NETZ drawdown since its inception was -25.87%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NETZ and SPY.
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Volatility
NETZ vs. SPY - Volatility Comparison
TCW Transform Systems ETF (NETZ) and SPDR S&P 500 ETF (SPY) have volatilities of 5.09% 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.
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