PHRAX vs. SPY
Compare and contrast key facts about Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) and SPDR S&P 500 ETF (SPY).
PHRAX is managed by Virtus. It was launched on Mar 1, 1995. 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: PHRAX or SPY.
Key characteristics
| PHRAX | SPY | |
|---|---|---|
| YTD Return | 16.98% | 27.04% |
| 1Y Return | 37.25% | 39.75% |
| 3Y Return (Ann) | 0.57% | 10.21% |
| 5Y Return (Ann) | 6.91% | 15.93% |
| 10Y Return (Ann) | 6.82% | 13.36% |
| Sharpe Ratio | 2.11 | 3.15 |
| Sortino Ratio | 2.98 | 4.19 |
| Omega Ratio | 1.37 | 1.59 |
| Calmar Ratio | 1.15 | 4.60 |
| Martin Ratio | 9.47 | 20.85 |
| Ulcer Index | 3.69% | 1.85% |
| Daily Std Dev | 16.56% | 12.29% |
| Max Drawdown | -73.50% | -55.19% |
| Current Drawdown | -4.37% | 0.00% |
Correlation
The correlation between PHRAX and SPY is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PHRAX vs. SPY - Performance Comparison
In the year-to-date period, PHRAX achieves a 16.98% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, PHRAX has underperformed SPY with an annualized return of 6.82%, while SPY has yielded a comparatively higher 13.36% 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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PHRAX vs. SPY - Expense Ratio Comparison
PHRAX has a 1.36% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PHRAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) 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
PHRAX vs. SPY - Dividend Comparison
PHRAX's dividend yield for the trailing twelve months is around 1.75%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHRAX Virtus Duff & Phelps Real Estate Securities Fund | 1.75% | 2.23% | 1.41% | 1.30% | 1.93% | 2.07% | 1.58% | 1.96% | 1.90% | 1.58% | 1.13% | 1.26% |
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
PHRAX vs. SPY - Drawdown Comparison
The maximum PHRAX drawdown since its inception was -73.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PHRAX and SPY. For additional features, visit the drawdowns tool.
Volatility
PHRAX vs. SPY - Volatility Comparison
Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) has a higher volatility of 5.00% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that PHRAX'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.