SMVLX vs. SPY
Compare and contrast key facts about Smead Value Fund (SMVLX) and SPDR S&P 500 ETF (SPY).
SMVLX is managed by Smead Funds. It was launched on Jan 2, 2008. 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: SMVLX or SPY.
Key characteristics
| SMVLX | SPY | |
|---|---|---|
| YTD Return | 10.59% | 26.01% |
| 1Y Return | 22.90% | 33.73% |
| 3Y Return (Ann) | 5.38% | 9.91% |
| 5Y Return (Ann) | 11.64% | 15.54% |
| 10Y Return (Ann) | 8.32% | 13.25% |
| Sharpe Ratio | 1.62 | 2.82 |
| Sortino Ratio | 2.31 | 3.76 |
| Omega Ratio | 1.28 | 1.53 |
| Calmar Ratio | 3.26 | 4.05 |
| Martin Ratio | 8.36 | 18.33 |
| Ulcer Index | 2.85% | 1.86% |
| Daily Std Dev | 14.74% | 12.07% |
| Max Drawdown | -55.61% | -55.19% |
| Current Drawdown | -2.44% | -0.90% |
Correlation
The correlation between SMVLX and SPY is 0.86, 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
SMVLX vs. SPY - Performance Comparison
In the year-to-date period, SMVLX achieves a 10.59% return, which is significantly lower than SPY's 26.01% return. Over the past 10 years, SMVLX has underperformed SPY with an annualized return of 8.32%, while SPY has yielded a comparatively higher 13.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMVLX vs. SPY - Expense Ratio Comparison
SMVLX has a 1.26% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SMVLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Smead Value Fund (SMVLX) 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
SMVLX vs. SPY - Dividend Comparison
SMVLX's dividend yield for the trailing twelve months is around 1.21%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMVLX Smead Value Fund | 1.21% | 1.34% | 0.71% | 0.22% | 0.69% | 0.70% | 0.00% | 0.22% | 0.49% | 0.53% | 0.41% | 0.32% |
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
SMVLX vs. SPY - Drawdown Comparison
The maximum SMVLX drawdown since its inception was -55.61%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SMVLX and SPY. For additional features, visit the drawdowns tool.
Volatility
SMVLX vs. SPY - Volatility Comparison
Smead Value Fund (SMVLX) has a higher volatility of 4.11% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that SMVLX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.