POMIX vs. SPY
Compare and contrast key facts about T. Rowe Price Total Equity Market Index Fund (POMIX) and SPDR S&P 500 ETF (SPY).
POMIX is managed by T. Rowe Price. It was launched on Jan 30, 1998. 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: POMIX or SPY.
Performance
POMIX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with POMIX having a 25.36% return and SPY slightly higher at 26.08%. Over the past 10 years, POMIX has underperformed SPY with an annualized return of 12.42%, while SPY has yielded a comparatively higher 13.10% annualized return.
POMIX
25.36%
2.53%
13.95%
32.74%
14.77%
12.42%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| POMIX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.58 | 2.70 |
| Sortino Ratio | 3.48 | 3.60 |
| Omega Ratio | 1.48 | 1.50 |
| Calmar Ratio | 3.89 | 3.90 |
| Martin Ratio | 16.79 | 17.52 |
| Ulcer Index | 1.99% | 1.87% |
| Daily Std Dev | 12.95% | 12.14% |
| Max Drawdown | -55.54% | -55.19% |
| Current Drawdown | -0.81% | -0.85% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
POMIX vs. SPY - Expense Ratio Comparison
POMIX has a 0.20% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between POMIX 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.
Risk-Adjusted Performance
POMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Equity Market Index Fund (POMIX) 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
POMIX vs. SPY - Dividend Comparison
POMIX's dividend yield for the trailing twelve months is around 0.96%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POMIX T. Rowe Price Total Equity Market Index Fund | 0.96% | 1.20% | 1.46% | 1.02% | 1.17% | 1.52% | 1.77% | 1.43% | 1.62% | 1.78% | 1.41% | 1.27% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
POMIX vs. SPY - Drawdown Comparison
The maximum POMIX drawdown since its inception was -55.54%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for POMIX and SPY. For additional features, visit the drawdowns tool.
Volatility
POMIX vs. SPY - Volatility Comparison
T. Rowe Price Total Equity Market Index Fund (POMIX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.14% and 3.98%, 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.