RIET vs. SPY
Compare and contrast key facts about Hoya Capital High Dividend Yield ETF (RIET) and SPDR S&P 500 ETF (SPY).
RIET and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RIET is a passively managed fund by Pettee Investors that tracks the performance of the Hoya Capital High Dividend Yield Index. It was launched on Sep 21, 2021. 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. Both RIET and SPY 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: RIET or SPY.
Performance
RIET vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, RIET achieves a 5.70% return, which is significantly lower than SPY's 26.08% return.
RIET
5.70%
-2.69%
12.14%
20.24%
N/A
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| RIET | SPY | |
|---|---|---|
| Sharpe Ratio | 1.17 | 2.70 |
| Sortino Ratio | 1.68 | 3.60 |
| Omega Ratio | 1.21 | 1.50 |
| Calmar Ratio | 0.76 | 3.90 |
| Martin Ratio | 3.79 | 17.52 |
| Ulcer Index | 5.40% | 1.87% |
| Daily Std Dev | 17.48% | 12.14% |
| Max Drawdown | -34.55% | -55.19% |
| Current Drawdown | -12.00% | -0.85% |
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RIET vs. SPY - Expense Ratio Comparison
RIET has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between RIET and SPY is 0.66, 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.
Risk-Adjusted Performance
RIET vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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
RIET vs. SPY - Dividend Comparison
RIET's dividend yield for the trailing twelve months is around 9.72%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIET Hoya Capital High Dividend Yield ETF | 9.72% | 9.38% | 9.38% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RIET vs. SPY - Drawdown Comparison
The maximum RIET drawdown since its inception was -34.55%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RIET and SPY. For additional features, visit the drawdowns tool.
Volatility
RIET vs. SPY - Volatility Comparison
Hoya Capital High Dividend Yield ETF (RIET) and SPDR S&P 500 ETF (SPY) have volatilities of 4.11% and 3.98%, 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.