PENNX vs. SPY
Compare and contrast key facts about Royce Pennsylvania Mutual Fund (PENNX) and SPDR S&P 500 ETF (SPY).
PENNX is managed by Royce Investment Partners. It was launched on Oct 31, 1972. 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: PENNX or SPY.
Correlation
The correlation between PENNX and SPY is 0.78, 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
PENNX vs. SPY - Performance Comparison
Key characteristics
PENNX:
-0.05
SPY:
2.17
PENNX:
0.07
SPY:
2.88
PENNX:
1.01
SPY:
1.41
PENNX:
-0.02
SPY:
3.19
PENNX:
-0.23
SPY:
14.10
PENNX:
4.35%
SPY:
1.90%
PENNX:
20.55%
SPY:
12.39%
PENNX:
-61.83%
SPY:
-55.19%
PENNX:
-38.96%
SPY:
-3.19%
Returns By Period
In the year-to-date period, PENNX achieves a -1.96% return, which is significantly lower than SPY's 24.97% return. Over the past 10 years, PENNX has underperformed SPY with an annualized return of -3.27%, while SPY has yielded a comparatively higher 12.92% annualized return.
PENNX
-1.96%
-11.50%
-5.56%
0.45%
-0.69%
-3.27%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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PENNX vs. SPY - Expense Ratio Comparison
PENNX has a 0.92% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PENNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Pennsylvania Mutual Fund (PENNX) 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
PENNX vs. SPY - Dividend Comparison
PENNX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.87%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PENNX Royce Pennsylvania Mutual Fund | 0.00% | 0.39% | 0.08% | 0.06% | 0.59% | 0.26% | 0.19% | 0.58% | 0.36% | 1.04% | 0.36% | 0.01% |
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
PENNX vs. SPY - Drawdown Comparison
The maximum PENNX drawdown since its inception was -61.83%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PENNX and SPY. For additional features, visit the drawdowns tool.
Volatility
PENNX vs. SPY - Volatility Comparison
Royce Pennsylvania Mutual Fund (PENNX) has a higher volatility of 10.23% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that PENNX'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.