Correlation
The correlation between RGOIX and SPY is 0.92, 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.
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.
Performance
RGOIX vs. SPY - Performance Comparison
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Key characteristics
RGOIX:
0.75
SPY:
0.70
RGOIX:
0.96
SPY:
1.02
RGOIX:
1.13
SPY:
1.15
RGOIX:
0.65
SPY:
0.68
RGOIX:
2.49
SPY:
2.57
RGOIX:
4.17%
SPY:
4.93%
RGOIX:
17.10%
SPY:
20.42%
RGOIX:
-33.40%
SPY:
-55.19%
RGOIX:
-0.37%
SPY:
-3.55%
Returns By Period
In the year-to-date period, RGOIX achieves a 4.78% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, RGOIX has underperformed SPY with an annualized return of 9.70%, while SPY has yielded a comparatively higher 12.73% annualized return.
RGOIX
4.78%
5.85%
0.92%
11.54%
8.30%
10.09%
9.70%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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 Rank
RGOIX
SPY
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.
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Dividends
RGOIX vs. SPY - Dividend Comparison
RGOIX's dividend yield for the trailing twelve months is around 0.62%, less than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGOIX RBC Global Opportunities Fund | 0.62% | 0.65% | 0.75% | 0.27% | 4.61% | 2.28% | 2.76% | 3.77% | 3.80% | 0.76% | 1.21% | 0.03% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
RGOIX vs. SPY - Volatility Comparison
The current volatility for RBC Global Opportunities Fund (RGOIX) is 3.84%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that RGOIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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