PBFDX vs. SPY
Compare and contrast key facts about Payson Total Return Fund (PBFDX) and SPDR S&P 500 ETF (SPY).
PBFDX is managed by Payson Funds. It was launched on Nov 25, 1991. 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: PBFDX or SPY.
Key characteristics
| PBFDX | SPY | |
|---|---|---|
| YTD Return | 21.10% | 26.01% |
| 1Y Return | 25.49% | 33.73% |
| 3Y Return (Ann) | 4.26% | 9.91% |
| 5Y Return (Ann) | 10.84% | 15.54% |
| 10Y Return (Ann) | 9.02% | 13.25% |
| Sharpe Ratio | 1.83 | 2.82 |
| Sortino Ratio | 2.53 | 3.76 |
| Omega Ratio | 1.34 | 1.53 |
| Calmar Ratio | 2.28 | 4.05 |
| Martin Ratio | 10.57 | 18.33 |
| Ulcer Index | 2.45% | 1.86% |
| Daily Std Dev | 14.15% | 12.07% |
| Max Drawdown | -56.40% | -55.19% |
| Current Drawdown | -1.98% | -0.90% |
Correlation
The correlation between PBFDX and SPY is 0.90, 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
PBFDX vs. SPY - Performance Comparison
In the year-to-date period, PBFDX achieves a 21.10% return, which is significantly lower than SPY's 26.01% return. Over the past 10 years, PBFDX has underperformed SPY with an annualized return of 9.02%, while SPY has yielded a comparatively higher 13.25% annualized 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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PBFDX vs. SPY - Expense Ratio Comparison
PBFDX has a 0.82% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PBFDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payson Total Return Fund (PBFDX) 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
PBFDX vs. SPY - Dividend Comparison
PBFDX's dividend yield for the trailing twelve months is around 0.40%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBFDX Payson Total Return Fund | 0.40% | 0.76% | 1.05% | 0.47% | 0.69% | 0.61% | 0.67% | 0.82% | 1.44% | 1.14% | 2.44% | 1.28% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PBFDX vs. SPY - Drawdown Comparison
The maximum PBFDX drawdown since its inception was -56.40%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PBFDX and SPY. For additional features, visit the drawdowns tool.
Volatility
PBFDX vs. SPY - Volatility Comparison
Payson Total Return Fund (PBFDX) has a higher volatility of 4.43% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that PBFDX'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.