PPVIX vs. SPY
Compare and contrast key facts about Principal SmallCap Value Fund II (PPVIX) and SPDR S&P 500 ETF (SPY).
PPVIX is managed by Principal. It was launched on Jun 1, 2004. 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: PPVIX or SPY.
Correlation
The correlation between PPVIX and SPY is 0.83, 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
PPVIX vs. SPY - Performance Comparison
Key characteristics
PPVIX:
0.07
SPY:
1.91
PPVIX:
0.24
SPY:
2.57
PPVIX:
1.03
SPY:
1.35
PPVIX:
0.06
SPY:
2.88
PPVIX:
0.21
SPY:
11.96
PPVIX:
7.02%
SPY:
2.03%
PPVIX:
20.80%
SPY:
12.68%
PPVIX:
-73.21%
SPY:
-55.19%
PPVIX:
-19.88%
SPY:
0.00%
Returns By Period
In the year-to-date period, PPVIX achieves a 2.79% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, PPVIX has underperformed SPY with an annualized return of -0.26%, while SPY has yielded a comparatively higher 13.21% annualized return.
PPVIX
2.79%
-0.76%
-4.18%
0.06%
2.96%
-0.26%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PPVIX vs. SPY - Expense Ratio Comparison
PPVIX has a 0.96% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PPVIX vs. SPY — Risk-Adjusted Performance Rank
PPVIX
SPY
PPVIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal SmallCap Value Fund II (PPVIX) 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
PPVIX vs. SPY - Dividend Comparison
PPVIX's dividend yield for the trailing twelve months is around 1.36%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPVIX Principal SmallCap Value Fund II | 1.36% | 1.40% | 1.10% | 0.89% | 0.73% | 0.76% | 0.88% | 0.96% | 0.42% | 0.49% | 0.72% | 0.36% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PPVIX vs. SPY - Drawdown Comparison
The maximum PPVIX drawdown since its inception was -73.21%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PPVIX and SPY. For additional features, visit the drawdowns tool.
Volatility
PPVIX vs. SPY - Volatility Comparison
Principal SmallCap Value Fund II (PPVIX) has a higher volatility of 3.85% compared to SPDR S&P 500 ETF (SPY) at 3.13%. This indicates that PPVIX'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.