PPI vs. TOTL
Compare and contrast key facts about AXS Astoria Inflation Sensitive ETF (PPI) and SPDR DoubleLine Total Return Tactical ETF (TOTL).
PPI and TOTL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPI is an actively managed fund by AXS Investments. It was launched on Dec 30, 2021. TOTL is an actively managed fund by State Street. It was launched on Feb 23, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PPI or TOTL.
Key characteristics
| PPI | TOTL | |
|---|---|---|
| YTD Return | 10.81% | 6.70% |
| 1Y Return | 18.69% | 11.51% |
| Sharpe Ratio | 1.36 | 1.65 |
| Daily Std Dev | 13.50% | 6.91% |
| Max Drawdown | -23.75% | -16.48% |
| Current Drawdown | -6.63% | -1.92% |
Correlation
The correlation between PPI and TOTL is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PPI vs. TOTL - Performance Comparison
In the year-to-date period, PPI achieves a 10.81% return, which is significantly higher than TOTL's 6.70% 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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PPI vs. TOTL - Expense Ratio Comparison
PPI has a 0.76% expense ratio, which is higher than TOTL's 0.55% expense ratio.
Risk-Adjusted Performance
PPI vs. TOTL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AXS Astoria Inflation Sensitive ETF (PPI) and SPDR DoubleLine Total Return Tactical ETF (TOTL). 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
PPI vs. TOTL - Dividend Comparison
PPI's dividend yield for the trailing twelve months is around 1.28%, less than TOTL's 4.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPI AXS Astoria Inflation Sensitive ETF | 1.28% | 2.86% | 2.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TOTL SPDR DoubleLine Total Return Tactical ETF | 4.94% | 4.85% | 4.68% | 3.07% | 2.91% | 3.31% | 3.41% | 3.00% | 3.25% | 2.67% |
Drawdowns
PPI vs. TOTL - Drawdown Comparison
The maximum PPI drawdown since its inception was -23.75%, which is greater than TOTL's maximum drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for PPI and TOTL. For additional features, visit the drawdowns tool.
Volatility
PPI vs. TOTL - Volatility Comparison
AXS Astoria Inflation Sensitive ETF (PPI) has a higher volatility of 4.48% compared to SPDR DoubleLine Total Return Tactical ETF (TOTL) at 1.02%. This indicates that PPI's price experiences larger fluctuations and is considered to be riskier than TOTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.