OEF vs. SPY
Compare and contrast key facts about iShares S&P 100 ETF (OEF) and SPDR S&P 500 ETF (SPY).
OEF and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OEF is a passively managed fund by iShares that tracks the performance of the S&P 100 Index. It was launched on Oct 23, 2000. 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. Both OEF and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OEF or SPY.
Performance
OEF vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, OEF achieves a 28.55% return, which is significantly higher than SPY's 24.40% return. Over the past 10 years, OEF has outperformed SPY with an annualized return of 13.96%, while SPY has yielded a comparatively lower 13.04% annualized return.
OEF
28.55%
0.95%
13.29%
34.89%
17.19%
13.96%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| OEF | SPY | |
|---|---|---|
| Sharpe Ratio | 2.63 | 2.64 |
| Sortino Ratio | 3.48 | 3.53 |
| Omega Ratio | 1.49 | 1.49 |
| Calmar Ratio | 3.58 | 3.81 |
| Martin Ratio | 15.88 | 17.21 |
| Ulcer Index | 2.19% | 1.86% |
| Daily Std Dev | 13.27% | 12.15% |
| Max Drawdown | -54.11% | -55.19% |
| Current Drawdown | -1.78% | -2.17% |
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OEF vs. SPY - Expense Ratio Comparison
OEF has a 0.20% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between OEF 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.
Risk-Adjusted Performance
OEF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 100 ETF (OEF) 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
OEF vs. SPY - Dividend Comparison
OEF's dividend yield for the trailing twelve months is around 1.01%, less than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 1.01% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% | 1.85% | 1.96% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OEF vs. SPY - Drawdown Comparison
The maximum OEF drawdown since its inception was -54.11%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OEF and SPY. For additional features, visit the drawdowns tool.
Volatility
OEF vs. SPY - Volatility Comparison
iShares S&P 100 ETF (OEF) has a higher volatility of 4.54% compared to SPDR S&P 500 ETF (SPY) at 4.06%. This indicates that OEF'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.