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.
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
Key characteristics
PBFDX:
0.73
SPY:
2.17
PBFDX:
1.01
SPY:
2.88
PBFDX:
1.16
SPY:
1.41
PBFDX:
1.10
SPY:
3.19
PBFDX:
4.04
SPY:
14.10
PBFDX:
3.03%
SPY:
1.90%
PBFDX:
16.67%
SPY:
12.39%
PBFDX:
-56.40%
SPY:
-55.19%
PBFDX:
-10.22%
SPY:
-3.19%
Returns By Period
In the year-to-date period, PBFDX achieves a 10.91% return, which is significantly lower than SPY's 24.97% return. Over the past 10 years, PBFDX has underperformed SPY with an annualized return of 8.36%, while SPY has yielded a comparatively higher 12.92% annualized return.
PBFDX
10.91%
-7.02%
-4.07%
11.06%
8.11%
8.36%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 0.44%, less than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBFDX Payson Total Return Fund | 0.44% | 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 | 0.87% | 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 9.41% compared to SPDR S&P 500 ETF (SPY) at 3.64%. 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.