Correlation
The correlation between PY and SPYD is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
PY vs. SPYD
Compare and contrast key facts about Principal Value ETF (PY) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
PY and SPYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PY is a passively managed fund by Principal that tracks the performance of the NASDAQ U.S. Shareholder Yield Index. It was launched on Mar 21, 2016. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both PY and SPYD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PY or SPYD.
Performance
PY vs. SPYD - Performance Comparison
Loading data...
Key characteristics
PY:
0.53
SPYD:
0.78
PY:
0.72
SPYD:
0.96
PY:
1.10
SPYD:
1.13
PY:
0.43
SPYD:
0.62
PY:
1.50
SPYD:
1.91
PY:
5.14%
SPYD:
5.27%
PY:
18.42%
SPYD:
15.83%
PY:
-45.44%
SPYD:
-46.42%
PY:
-7.56%
SPYD:
-8.24%
Returns By Period
In the year-to-date period, PY achieves a -2.53% return, which is significantly lower than SPYD's -0.86% return.
PY
-2.53%
4.09%
-7.16%
9.73%
6.01%
15.16%
N/A
SPYD
-0.86%
1.36%
-8.24%
12.30%
2.66%
13.73%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PY vs. SPYD - Expense Ratio Comparison
PY has a 0.15% expense ratio, which is higher than SPYD's 0.07% 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
PY vs. SPYD — Risk-Adjusted Performance Rank
PY
SPYD
PY vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Value ETF (PY) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
Loading data...
Dividends
PY vs. SPYD - Dividend Comparison
PY's dividend yield for the trailing twelve months is around 2.06%, less than SPYD's 4.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PY Principal Value ETF | 2.06% | 2.22% | 2.68% | 3.02% | 2.83% | 2.95% | 2.29% | 2.34% | 1.68% | 1.95% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.50% | 4.31% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
Drawdowns
PY vs. SPYD - Drawdown Comparison
The maximum PY drawdown since its inception was -45.44%, roughly equal to the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for PY and SPYD.
Loading data...
Volatility
PY vs. SPYD - Volatility Comparison
Principal Value ETF (PY) has a higher volatility of 4.93% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 4.59%. This indicates that PY's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...