RGOIX vs. SPY
Compare and contrast key facts about RBC Global Opportunities Fund (RGOIX) and SPDR S&P 500 ETF (SPY).
RGOIX is managed by RBC Global Asset Management.. It was launched on Dec 2, 2014. 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: RGOIX or SPY.
Key characteristics
| RGOIX | SPY | |
|---|---|---|
| YTD Return | 15.76% | 18.86% |
| 1Y Return | 24.15% | 28.13% |
| 3Y Return (Ann) | -0.41% | 9.87% |
| 5Y Return (Ann) | 9.64% | 15.23% |
| Sharpe Ratio | 1.88 | 2.21 |
| Daily Std Dev | 12.37% | 12.60% |
| Max Drawdown | -33.40% | -55.19% |
| Current Drawdown | -4.96% | -0.61% |
Correlation
The correlation between RGOIX and SPY is 0.91, 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
RGOIX vs. SPY - Performance Comparison
In the year-to-date period, RGOIX achieves a 15.76% return, which is significantly lower than SPY's 18.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RGOIX vs. SPY - Expense Ratio Comparison
RGOIX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RGOIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Global Opportunities Fund (RGOIX) 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
RGOIX vs. SPY - Dividend Comparison
RGOIX's dividend yield for the trailing twelve months is around 0.65%, less than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGOIX RBC Global Opportunities Fund | 0.65% | 0.75% | 0.27% | 4.61% | 2.28% | 2.76% | 3.77% | 3.79% | 0.75% | 1.21% | 0.03% | 0.00% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RGOIX vs. SPY - Drawdown Comparison
The maximum RGOIX drawdown since its inception was -33.40%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RGOIX and SPY. For additional features, visit the drawdowns tool.
Volatility
RGOIX vs. SPY - Volatility Comparison
RBC Global Opportunities Fund (RGOIX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.66% and 3.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.