SMCWX vs. SPY
Compare and contrast key facts about American Funds SMALLCAP World Fund Class A (SMCWX) and SPDR S&P 500 ETF (SPY).
SMCWX is managed by American Funds. It was launched on Apr 30, 1990. 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: SMCWX or SPY.
Correlation
The correlation between SMCWX and SPY is 0.77, 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
SMCWX vs. SPY - Performance Comparison
Key characteristics
SMCWX:
-0.83
SPY:
-0.09
SMCWX:
-1.03
SPY:
-0.02
SMCWX:
0.87
SPY:
1.00
SMCWX:
-0.37
SPY:
-0.09
SMCWX:
-2.73
SPY:
-0.45
SMCWX:
5.03%
SPY:
3.31%
SMCWX:
16.58%
SPY:
15.87%
SMCWX:
-61.27%
SPY:
-55.19%
SMCWX:
-37.24%
SPY:
-17.32%
Returns By Period
The year-to-date returns for both investments are quite close, with SMCWX having a -13.71% return and SPY slightly higher at -13.53%. Over the past 10 years, SMCWX has underperformed SPY with an annualized return of 2.03%, while SPY has yielded a comparatively higher 11.25% annualized return.
SMCWX
-13.71%
-11.57%
-16.42%
-13.02%
6.52%
2.03%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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SMCWX vs. SPY - Expense Ratio Comparison
SMCWX has a 1.02% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SMCWX vs. SPY — Risk-Adjusted Performance Rank
SMCWX
SPY
SMCWX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds SMALLCAP World Fund Class A (SMCWX) 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
SMCWX vs. SPY - Dividend Comparison
SMCWX's dividend yield for the trailing twelve months is around 0.69%, less than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCWX American Funds SMALLCAP World Fund Class A | 0.69% | 0.60% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.35% | 0.00% | 10.48% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SMCWX vs. SPY - Drawdown Comparison
The maximum SMCWX drawdown since its inception was -61.27%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SMCWX and SPY. For additional features, visit the drawdowns tool.
Volatility
SMCWX vs. SPY - Volatility Comparison
The current volatility for American Funds SMALLCAP World Fund Class A (SMCWX) is 8.50%, while SPDR S&P 500 ETF (SPY) has a volatility of 9.29%. This indicates that SMCWX 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.