ROE vs. SPY
Compare and contrast key facts about Astoria US Equal Weight Quality Kings ETF (ROE) and SPDR S&P 500 ETF (SPY).
ROE and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROE is an actively managed fund by Astoria. It was launched on Jul 31, 2023. 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: ROE or SPY.
Correlation
The correlation between ROE and SPY is 0.90, 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
ROE vs. SPY - Performance Comparison
Key characteristics
ROE:
0.33
SPY:
0.54
ROE:
0.60
SPY:
0.89
ROE:
1.08
SPY:
1.13
ROE:
0.33
SPY:
0.58
ROE:
1.32
SPY:
2.39
ROE:
4.81%
SPY:
4.51%
ROE:
19.07%
SPY:
20.07%
ROE:
-19.10%
SPY:
-55.19%
ROE:
-10.43%
SPY:
-10.54%
Returns By Period
In the year-to-date period, ROE achieves a -5.05% return, which is significantly higher than SPY's -6.44% return.
ROE
-5.05%
-3.82%
-5.75%
4.83%
N/A
N/A
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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ROE vs. SPY - Expense Ratio Comparison
ROE has a 0.49% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ROE vs. SPY — Risk-Adjusted Performance Rank
ROE
SPY
ROE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Astoria US Equal Weight Quality Kings ETF (ROE) 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
ROE vs. SPY - Dividend Comparison
ROE's dividend yield for the trailing twelve months is around 1.05%, less than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE Astoria US Equal Weight Quality Kings ETF | 1.05% | 1.18% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ROE vs. SPY - Drawdown Comparison
The maximum ROE drawdown since its inception was -19.10%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ROE and SPY. For additional features, visit the drawdowns tool.
Volatility
ROE vs. SPY - Volatility Comparison
The current volatility for Astoria US Equal Weight Quality Kings ETF (ROE) is 13.66%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that ROE 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.