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:
-0.68
SPY:
0.34
PENNX:
-0.83
SPY:
0.62
PENNX:
0.89
SPY:
1.09
PENNX:
-0.32
SPY:
0.35
PENNX:
-1.50
SPY:
1.64
PENNX:
11.00%
SPY:
4.00%
PENNX:
24.28%
SPY:
19.55%
PENNX:
-61.83%
SPY:
-55.19%
PENNX:
-47.37%
SPY:
-12.02%
Returns By Period
In the year-to-date period, PENNX achieves a -14.51% return, which is significantly lower than SPY's -7.99% return. Over the past 10 years, PENNX has underperformed SPY with an annualized return of -4.82%, while SPY has yielded a comparatively higher 11.91% annualized return.
PENNX
-14.51%
-7.10%
-22.39%
-15.73%
3.00%
-4.82%
SPY
-7.99%
-4.19%
-6.68%
7.93%
15.74%
11.91%
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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 Rank
PENNX
SPY
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's dividend yield for the trailing twelve months is around 0.71%, less than SPY's 1.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PENNX Royce Pennsylvania Mutual Fund | 0.71% | 0.61% | 0.39% | 0.08% | 0.06% | 0.59% | 0.26% | 0.19% | 0.58% | 0.36% | 1.04% | 0.36% |
SPY SPDR S&P 500 ETF | 1.33% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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) and SPDR S&P 500 ETF (SPY) have volatilities of 14.21% and 14.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.