Correlation
The correlation between SHRY and SPY is 0.81, 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.
SHRY vs. SPY
Compare and contrast key facts about First Trust Bloomberg Shareholder Yield ETF (SHRY) and SPDR S&P 500 ETF (SPY).
SHRY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHRY is a passively managed fund by First Trust that tracks the performance of the Bloomberg Shareholder Yield Index - Benchmark TR Gross. It was launched on Jun 20, 2017. 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 SHRY 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: SHRY or SPY.
Performance
SHRY vs. SPY - Performance Comparison
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Key characteristics
SHRY:
0.65
SPY:
0.70
SHRY:
0.97
SPY:
1.02
SHRY:
1.14
SPY:
1.15
SHRY:
0.63
SPY:
0.68
SHRY:
2.32
SPY:
2.57
SHRY:
4.19%
SPY:
4.93%
SHRY:
15.90%
SPY:
20.42%
SHRY:
-36.67%
SPY:
-55.19%
SHRY:
-2.84%
SPY:
-3.55%
Returns By Period
In the year-to-date period, SHRY achieves a 4.27% return, which is significantly higher than SPY's 0.87% return.
SHRY
4.27%
4.16%
-2.84%
10.14%
11.08%
14.81%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
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SHRY vs. SPY - Expense Ratio Comparison
SHRY has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SHRY vs. SPY — Risk-Adjusted Performance Rank
SHRY
SPY
SHRY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Shareholder Yield ETF (SHRY) 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
SHRY vs. SPY - Dividend Comparison
SHRY's dividend yield for the trailing twelve months is around 1.74%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHRY First Trust Bloomberg Shareholder Yield ETF | 1.74% | 1.76% | 1.49% | 1.52% | 0.98% | 1.65% | 1.54% | 1.89% | 0.55% | 0.00% | 0.00% | 0.00% |
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
SHRY vs. SPY - Drawdown Comparison
The maximum SHRY drawdown since its inception was -36.67%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SHRY and SPY.
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Volatility
SHRY vs. SPY - Volatility Comparison
First Trust Bloomberg Shareholder Yield ETF (SHRY) and SPDR S&P 500 ETF (SPY) have volatilities of 4.76% and 4.86%, 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.
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