NYVTX vs. SPY
Compare and contrast key facts about Davis New York Venture Fund (NYVTX) and SPDR S&P 500 ETF (SPY).
NYVTX is managed by Davis Funds. It was launched on Feb 17, 1969. 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: NYVTX or SPY.
Correlation
The correlation between NYVTX and SPY is 0.91, 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.
Performance
NYVTX vs. SPY - Performance Comparison
Key characteristics
NYVTX:
-0.49
SPY:
0.51
NYVTX:
-0.50
SPY:
0.86
NYVTX:
0.92
SPY:
1.13
NYVTX:
-0.28
SPY:
0.55
NYVTX:
-1.22
SPY:
2.26
NYVTX:
9.39%
SPY:
4.55%
NYVTX:
23.33%
SPY:
20.08%
NYVTX:
-58.56%
SPY:
-55.19%
NYVTX:
-35.45%
SPY:
-9.89%
Returns By Period
In the year-to-date period, NYVTX achieves a -0.23% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, NYVTX has underperformed SPY with an annualized return of -3.25%, while SPY has yielded a comparatively higher 11.99% annualized return.
NYVTX
-0.23%
-4.22%
-11.05%
-10.41%
2.69%
-3.25%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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NYVTX vs. SPY - Expense Ratio Comparison
NYVTX has a 0.89% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NYVTX vs. SPY — Risk-Adjusted Performance Rank
NYVTX
SPY
NYVTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis New York Venture Fund (NYVTX) 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.
Dividends
NYVTX vs. SPY - Dividend Comparison
NYVTX's dividend yield for the trailing twelve months is around 1.86%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYVTX Davis New York Venture Fund | 1.86% | 1.86% | 0.88% | 1.67% | 0.17% | 0.52% | 1.51% | 0.71% | 0.26% | 0.79% | 0.96% | 0.51% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NYVTX vs. SPY - Drawdown Comparison
The maximum NYVTX drawdown since its inception was -58.56%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NYVTX and SPY. For additional features, visit the drawdowns tool.
Volatility
NYVTX vs. SPY - Volatility Comparison
The current volatility for Davis New York Venture Fund (NYVTX) is 13.52%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that NYVTX 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.