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.
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
Key characteristics
POMIX:
1.89
SPY:
2.21
POMIX:
2.54
SPY:
2.93
POMIX:
1.35
SPY:
1.41
POMIX:
2.86
SPY:
3.26
POMIX:
11.79
SPY:
14.43
POMIX:
2.08%
SPY:
1.90%
POMIX:
12.95%
SPY:
12.41%
POMIX:
-55.54%
SPY:
-55.19%
POMIX:
-4.72%
SPY:
-2.74%
Returns By Period
In the year-to-date period, POMIX achieves a 22.49% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, POMIX has underperformed SPY with an annualized return of 12.08%, while SPY has yielded a comparatively higher 12.97% annualized return.
POMIX
22.49%
-1.62%
7.84%
23.11%
13.41%
12.08%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POMIX T. Rowe Price Total Equity Market Index Fund | 0.00% | 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 | 0.86% | 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 4.23% compared to SPDR S&P 500 ETF (SPY) at 3.72%. 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.