RGOIX vs. SPY

Last updated Jun 23, 2026

RGOIX (RBC Global Opportunities Fund) and SPY (State Street SPDR S&P 500 ETF) are both funds - RGOIX is a Global Equities fund managed by RBC Global Asset Management., while SPY is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, RGOIX returned 11.34%/yr vs 15.70%/yr for SPY. Their correlation of 0.91 suggests significant overlap in exposure. RGOIX charges 0.75%/yr vs 0.09%/yr for SPY.

Performance

RGOIX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC Global Opportunities Fund (RGOIX) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RGOIX achieves a 2.94% return, which is significantly lower than SPY's 9.74% return. Over the past 10 years, RGOIX has underperformed SPY with an annualized return of 11.34%, while SPY has yielded a comparatively higher 15.70% annualized return.

RGOIX

• 1D: 0.98%
• 1M: -0.92%
• YTD: 2.94%
• 6M: 2.86%
• 1Y: 15.67%
• 3Y*: 13.53%
• 5Y*: 5.03%
• 10Y*: 11.34%

SPY

• 1D: -0.31%
• 1M: 0.09%
• YTD: 9.74%
• 6M: 9.27%
• 1Y: 26.65%
• 3Y*: 21.27%
• 5Y*: 13.51%
• 10Y*: 15.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RGOIX vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RGOIX RBC Global Opportunities Fund	2.94%	17.25%	17.10%	9.82%	-23.66%	16.82%	26.94%	31.55%	-6.89%	34.27%
SPY State Street SPDR S&P 500 ETF	9.74%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Correlation

The correlation between RGOIX and SPY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.91

The correlation between RGOIX and SPY has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

RGOIX vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RGOIX

RGOIX Risk / Return Rank: 22
RGOIX Sharpe Ratio Rank: 19
RGOIX Sortino Ratio Rank: 19
RGOIX Omega Ratio Rank: 19
RGOIX Calmar Ratio Rank: 21
RGOIX Martin Ratio Rank: 30

SPY

SPY Risk / Return Rank: 68
SPY Sharpe Ratio Rank: 69
SPY Sortino Ratio Rank: 66
SPY Omega Ratio Rank: 68
SPY Calmar Ratio Rank: 63
SPY Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RGOIX vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Global Opportunities Fund (RGOIX) and State Street 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RGOIX	SPY	Difference
Sharpe ratio: Return per unit of total volatility	1.17	2.16	-0.99
Sortino ratio: Return per unit of downside risk	1.70	2.91	-1.21
Omega ratio: Gain probability vs. loss probability	1.21	1.39	-0.18
Calmar ratio: Return relative to maximum drawdown	1.56	3.01	-1.45
Martin ratio: Return relative to average drawdown	6.53	13.54	-7.00

RGOIX vs. SPY - Sharpe Ratio Comparison

The current RGOIX Sharpe Ratio is 1.17, which is lower than the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of RGOIX and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	RGOIX	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-55.19%	+21.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-8.88%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-15.96%	-18.76%	+2.80%
Max Drawdown (5Y) Largest decline over 5 years	-31.72%	-24.50%	-7.22%
Max Drawdown (10Y) Largest decline over 10 years	-33.40%	-33.72%	+0.32%
Current Drawdown Current decline from peak	-2.28%	-1.75%	-0.53%
Average Drawdown Average peak-to-trough decline	-6.89%	-9.04%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	1.97%	+0.33%

Volatility

RGOIX vs. SPY - Volatility Comparison

RBC Global Opportunities Fund (RGOIX) and State Street SPDR S&P 500 ETF (SPY) have volatilities of 4.69% and 4.64%, 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.

Volatility by Period

	RGOIX	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	4.64%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	10.66%	9.75%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	12.43%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.68%	17.14%	-0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	17.99%	-0.35%

RGOIX vs. SPY - Expense Ratio Comparison

RGOIX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

RGOIX vs. SPY - Dividend Comparison

RGOIX's dividend yield for the trailing twelve months is around 0.68%, less than SPY's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RGOIX RBC Global Opportunities Fund	0.68%	0.70%	0.65%	0.75%	0.27%	4.61%	2.28%	2.76%	3.77%	3.79%	0.75%	1.21%
SPY State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both RGOIX and SPY in my portfolio?

With a correlation of 0.90, RGOIX and SPY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RGOIX or SPY?

RGOIX has higher volatility (4.69%) compared to SPY (4.64%). In terms of maximum drawdown, RGOIX dropped -33.40% vs SPY's -55.19%.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.16 vs 1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.