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.
Key characteristics
POMIX | SPY | |
---|---|---|
YTD Return | 6.01% | 6.71% |
1Y Return | 24.25% | 24.32% |
3Y Return (Ann) | 6.51% | 8.27% |
5Y Return (Ann) | 12.44% | 13.45% |
10Y Return (Ann) | 11.76% | 12.53% |
Sharpe Ratio | 1.92 | 2.08 |
Daily Std Dev | 12.66% | 11.78% |
Max Drawdown | -55.54% | -55.19% |
Current Drawdown | -3.68% | -3.35% |
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.
Performance
POMIX vs. SPY - Performance Comparison
In the year-to-date period, POMIX achieves a 6.01% return, which is significantly lower than SPY's 6.71% return. Over the past 10 years, POMIX has underperformed SPY with an annualized return of 11.76%, while SPY has yielded a comparatively higher 12.53% 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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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%.
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 1.38%, more than SPY's 1.33% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
T. Rowe Price Total Equity Market Index Fund | 1.38% | 1.46% | 1.49% | 1.53% | 1.55% | 1.72% | 2.89% | 1.63% | 2.41% | 2.08% | 1.49% | 1.27% |
SPDR S&P 500 ETF | 1.33% | 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) has a higher volatility of 3.72% compared to SPDR S&P 500 ETF (SPY) at 3.54%. This indicates that POMIX'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.