RGPM.NEO vs. SPY

Last updated Jun 24, 2026

RGPM.NEO (RBC Global Precious Metals Fund) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - RGPM.NEO is a Precious Metals fund actively managed by RBC Global Asset Management., while SPY is a S&P 500 fund tracking the S&P 500 Index. RGPM.NEO is actively managed, while SPY is passively managed. Over the past 3 years, RGPM.NEO returned 44.35%/yr vs 23.72%/yr for SPY. At a 0.10 correlation, their price movements are largely independent. RGPM.NEO charges 1.02%/yr vs 0.09%/yr for SPY.

Performance

RGPM.NEO vs. SPY - Performance Comparison

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

Different Trading Currencies

RGPM.NEO is traded in CAD, while SPY is traded in USD. To make them comparable, the SPY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RGPM.NEO achieves a -5.87% return, which is significantly lower than SPY's 11.86% return.

RGPM.NEO

• 1D: -3.98%
• 1M: -6.76%
• YTD: -5.87%
• 6M: -9.09%
• 1Y: 49.10%
• 3Y*: 44.35%
• 5Y*: —
• 10Y*: —

SPY

• 1D: -1.52%
• 1M: 1.42%
• YTD: 11.86%
• 6M: 10.44%
• 1Y: 27.41%
• 3Y*: 23.72%
• 5Y*: 16.28%
• 10Y*: 16.68%

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

RGPM.NEO vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RGPM.NEO RBC Global Precious Metals Fund	-5.87%	143.89%	36.75%	-3.95%
SPY State Street SPDR S&P 500 ETF	11.81%	12.34%	35.46%	18.08%

Correlation

The correlation between RGPM.NEO and SPY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023	0.10

The correlation between RGPM.NEO and SPY shifts across timeframes, from 0.10 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RGPM.NEO vs. SPY — Risk / Return Rank

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

RGPM.NEO

RGPM.NEO Risk / Return Rank: 32
RGPM.NEO Sharpe Ratio Rank: 32
RGPM.NEO Sortino Ratio Rank: 29
RGPM.NEO Omega Ratio Rank: 35
RGPM.NEO Calmar Ratio Rank: 32
RGPM.NEO Martin Ratio Rank: 30

SPY

SPY Risk / Return Rank: 59
SPY Sharpe Ratio Rank: 58
SPY Sortino Ratio Rank: 56
SPY Omega Ratio Rank: 57
SPY Calmar Ratio Rank: 56
SPY Martin Ratio Rank: 67

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.

RGPM.NEO vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Global Precious Metals Fund (RGPM.NEO) 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.

	RGPM.NEO	SPY	Difference
Sharpe ratio: Return per unit of total volatility	1.08	2.15	-1.07
Sortino ratio: Return per unit of downside risk	1.52	2.96	-1.44
Omega ratio: Gain probability vs. loss probability	1.22	1.38	-0.15
Calmar ratio: Return relative to maximum drawdown	1.47	3.08	-1.61
Martin ratio: Return relative to average drawdown	3.94	11.53	-7.59

RGPM.NEO vs. SPY - Sharpe Ratio Comparison

The current RGPM.NEO Sharpe Ratio is 1.08, which is lower than the SPY Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of RGPM.NEO 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

RGPM.NEO vs. SPY - Drawdown Comparison

The maximum RGPM.NEO drawdown since its inception was -33.65%, smaller than the maximum SPY drawdown of -46.39%. Use the drawdown chart below to compare losses from any high point for RGPM.NEO and SPY.

Drawdown Indicators

	RGPM.NEO	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-46.39%	+12.74%
Max Drawdown (1Y) Largest decline over 1 year	-33.65%	-8.94%	-24.71%
Max Drawdown (3Y) Largest decline over 3 years	-33.65%	-19.41%	-14.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.69%	—
Current Drawdown Current decline from peak	-29.27%	-1.52%	-27.75%
Average Drawdown Average peak-to-trough decline	-8.70%	-7.96%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.55%	2.38%	+10.17%

Volatility

RGPM.NEO vs. SPY - Volatility Comparison

RBC Global Precious Metals Fund (RGPM.NEO) has a higher volatility of 17.13% compared to State Street SPDR S&P 500 ETF (SPY) at 5.16%. This indicates that RGPM.NEO'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.

Volatility by Period

	RGPM.NEO	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.13%	5.16%	+11.97%
Volatility (6M) Calculated over the trailing 6-month period	38.51%	10.24%	+28.27%
Volatility (1Y) Calculated over the trailing 1-year period	45.73%	12.86%	+32.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.65%	18.11%	+15.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.65%	19.01%	+14.64%

RGPM.NEO vs. SPY - Expense Ratio Comparison

RGPM.NEO has a 1.02% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

RGPM.NEO vs. SPY - Dividend Comparison

RGPM.NEO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RGPM.NEO RBC Global Precious Metals Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.03%	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 RGPM.NEO and SPY in my portfolio?

RGPM.NEO and SPY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RGPM.NEO or SPY?

On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RGPM.NEO or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 1.02% for RGPM.NEO.

What is the main difference between RGPM.NEO and SPY?

RGPM.NEO is categorized as Precious Metals, while SPY is S&P 500. They also come from different issuers: RBC Global Asset Management. and State Street. Their fees differ too: 1.02% for RGPM.NEO and 0.09% for SPY.