Correlation
The correlation between OTPIX and SPY is 0.88, 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.
OTPIX vs. SPY
Compare and contrast key facts about ProFunds NASDAQ-100 Fund (OTPIX) and SPDR S&P 500 ETF (SPY).
OTPIX is managed by ProFunds. It was launched on Aug 7, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OTPIX or SPY.
Performance
OTPIX vs. SPY - Performance Comparison
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Key characteristics
OTPIX:
0.54
SPY:
0.68
OTPIX:
0.86
SPY:
1.11
OTPIX:
1.12
SPY:
1.16
OTPIX:
0.55
SPY:
0.75
OTPIX:
1.73
SPY:
2.86
OTPIX:
7.30%
SPY:
4.93%
OTPIX:
25.66%
SPY:
20.44%
OTPIX:
-72.58%
SPY:
-55.19%
OTPIX:
-3.92%
SPY:
-3.01%
Returns By Period
In the year-to-date period, OTPIX achieves a 1.21% return, which is significantly lower than SPY's 1.44% return. Over the past 10 years, OTPIX has outperformed SPY with an annualized return of 17.37%, while SPY has yielded a comparatively lower 12.88% annualized return.
OTPIX
1.21%
6.79%
0.42%
13.82%
17.71%
17.95%
17.37%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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OTPIX vs. SPY - Expense Ratio Comparison
OTPIX has a 1.48% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OTPIX vs. SPY — Risk-Adjusted Performance Rank
OTPIX
SPY
OTPIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds NASDAQ-100 Fund (OTPIX) 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
OTPIX vs. SPY - Dividend Comparison
OTPIX's dividend yield for the trailing twelve months is around 0.75%, less than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 0.75% | 0.75% | 0.00% | 0.00% | 10.04% | 4.38% | 3.50% | 0.00% | 2.99% | 0.00% | 0.00% | 4.17% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
OTPIX vs. SPY - Drawdown Comparison
The maximum OTPIX drawdown since its inception was -72.58%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OTPIX and SPY.
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Volatility
OTPIX vs. SPY - Volatility Comparison
ProFunds NASDAQ-100 Fund (OTPIX) has a higher volatility of 5.55% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that OTPIX'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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