RWGIX vs. SPY
Compare and contrast key facts about Wedgewood Fund (RWGIX) and SPDR S&P 500 ETF (SPY).
RWGIX is managed by RiverPark Funds. It was launched on Sep 30, 2010. 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: RWGIX or SPY.
Key characteristics
| RWGIX | SPY | |
|---|---|---|
| YTD Return | 19.35% | 18.86% |
| 1Y Return | 29.45% | 28.13% |
| 3Y Return (Ann) | 6.46% | 9.87% |
| 5Y Return (Ann) | 16.86% | 15.23% |
| 10Y Return (Ann) | 11.56% | 12.80% |
| Sharpe Ratio | 2.05 | 2.21 |
| Daily Std Dev | 14.21% | 12.60% |
| Max Drawdown | -47.12% | -55.19% |
| Current Drawdown | -0.54% | -0.61% |
Correlation
The correlation between RWGIX and SPY is 0.91, 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
RWGIX vs. SPY - Performance Comparison
The year-to-date returns for both stocks are quite close, with RWGIX having a 19.35% return and SPY slightly lower at 18.86%. Over the past 10 years, RWGIX has underperformed SPY with an annualized return of 11.56%, while SPY has yielded a comparatively higher 12.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RWGIX vs. SPY - Expense Ratio Comparison
RWGIX has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RWGIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wedgewood Fund (RWGIX) 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
RWGIX vs. SPY - Dividend Comparison
RWGIX's dividend yield for the trailing twelve months is around 1.79%, more than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWGIX Wedgewood Fund | 1.79% | 2.14% | 15.90% | 12.16% | 88.03% | 39.95% | 124.71% | 16.61% | 0.17% | 4.63% | 4.51% | 1.46% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RWGIX vs. SPY - Drawdown Comparison
The maximum RWGIX drawdown since its inception was -47.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RWGIX and SPY. For additional features, visit the drawdowns tool.
Volatility
RWGIX vs. SPY - Volatility Comparison
The current volatility for Wedgewood Fund (RWGIX) is 3.37%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that RWGIX 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.