OFVIX vs. SPY
Compare and contrast key facts about O'Shaughnessy Market Leaders Value Fund (OFVIX) and SPDR S&P 500 ETF (SPY).
OFVIX is managed by O'Shaughnessy Mutual Funds. It was launched on Feb 26, 2016. 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: OFVIX or SPY.
Key characteristics
OFVIX | SPY | |
---|---|---|
YTD Return | 19.12% | 20.89% |
1Y Return | 29.84% | 31.53% |
3Y Return (Ann) | 12.16% | 11.11% |
5Y Return (Ann) | 13.45% | 15.61% |
Sharpe Ratio | 2.14 | 2.39 |
Daily Std Dev | 13.56% | 12.70% |
Max Drawdown | -41.88% | -55.19% |
Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between OFVIX and SPY is 0.82, 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
OFVIX vs. SPY - Performance Comparison
In the year-to-date period, OFVIX achieves a 19.12% return, which is significantly lower than SPY's 20.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OFVIX vs. SPY - Expense Ratio Comparison
OFVIX has a 0.56% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OFVIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for O'Shaughnessy Market Leaders Value Fund (OFVIX) 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
OFVIX vs. SPY - Dividend Comparison
OFVIX's dividend yield for the trailing twelve months is around 3.44%, more than SPY's 0.92% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
O'Shaughnessy Market Leaders Value Fund | 3.44% | 4.10% | 7.88% | 1.81% | 2.15% | 2.69% | 7.74% | 3.65% | 1.06% | 0.00% | 0.00% | 0.00% |
SPDR S&P 500 ETF | 0.92% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OFVIX vs. SPY - Drawdown Comparison
The maximum OFVIX drawdown since its inception was -41.88%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OFVIX and SPY. For additional features, visit the drawdowns tool.
Volatility
OFVIX vs. SPY - Volatility Comparison
The current volatility for O'Shaughnessy Market Leaders Value Fund (OFVIX) is 3.62%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.18%. This indicates that OFVIX 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.