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.
Key characteristics
| PEOPX | SPY | |
|---|---|---|
| YTD Return | 26.74% | 27.16% |
| 1Y Return | 29.16% | 37.73% |
| 3Y Return (Ann) | 0.20% | 10.28% |
| 5Y Return (Ann) | 4.58% | 15.97% |
| 10Y Return (Ann) | 3.16% | 13.38% |
| Sharpe Ratio | 2.33 | 3.25 |
| Sortino Ratio | 2.94 | 4.32 |
| Omega Ratio | 1.46 | 1.61 |
| Calmar Ratio | 1.37 | 4.74 |
| Martin Ratio | 12.05 | 21.51 |
| Ulcer Index | 2.59% | 1.85% |
| Daily Std Dev | 13.34% | 12.20% |
| Max Drawdown | -55.51% | -55.19% |
| Current Drawdown | -0.10% | 0.00% |
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
The year-to-date returns for both investments are quite close, with PEOPX having a 26.74% return and SPY slightly higher at 27.16%. Over the past 10 years, PEOPX has underperformed SPY with an annualized return of 3.16%, while SPY has yielded a comparatively higher 13.38% 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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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's dividend yield for the trailing twelve months is around 0.92%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEOPX BNY Mellon S&P 500 Index Fund | 0.92% | 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 | 1.17% | 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) and SPDR S&P 500 ETF (SPY) have volatilities of 3.89% and 3.92%, 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.