PEOPX vs. SPY
Compare and contrast key facts about BNY Mellon S&P 500 Index Fund (PEOPX) and SPDR S&P 500 ETF (SPY).
PEOPX is managed by BNY Mellon. It was launched on Jan 2, 1990. 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: PEOPX or SPY.
Correlation
The correlation between PEOPX and SPY is 0.97, 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
PEOPX vs. SPY - Performance Comparison
Key characteristics
PEOPX:
0.99
SPY:
2.21
PEOPX:
1.25
SPY:
2.93
PEOPX:
1.22
SPY:
1.41
PEOPX:
0.67
SPY:
3.26
PEOPX:
7.47
SPY:
14.40
PEOPX:
2.03%
SPY:
1.90%
PEOPX:
15.33%
SPY:
12.44%
PEOPX:
-55.51%
SPY:
-55.19%
PEOPX:
-10.97%
SPY:
-1.83%
Returns By Period
In the year-to-date period, PEOPX achieves a 14.61% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, PEOPX has underperformed SPY with an annualized return of 1.86%, while SPY has yielded a comparatively higher 13.04% annualized return.
PEOPX
14.61%
-9.13%
-0.10%
15.00%
1.61%
1.86%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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PEOPX vs. SPY - Expense Ratio Comparison
PEOPX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PEOPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon S&P 500 Index Fund (PEOPX) 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
PEOPX vs. SPY - Dividend Comparison
PEOPX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEOPX BNY Mellon S&P 500 Index Fund | 0.00% | 1.17% | 1.42% | 0.97% | 1.42% | 1.68% | 1.92% | 1.60% | 1.86% | 1.79% | 1.61% | 1.51% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PEOPX vs. SPY - Drawdown Comparison
The maximum PEOPX drawdown since its inception was -55.51%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PEOPX and SPY. For additional features, visit the drawdowns tool.
Volatility
PEOPX vs. SPY - Volatility Comparison
BNY Mellon S&P 500 Index Fund (PEOPX) has a higher volatility of 9.74% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that PEOPX'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.