SOVF vs. GLRY
Compare and contrast key facts about Sovereign's Capital Flourish Fund (SOVF) and Inspire Faithward Mid Cap Momentum ESG ETF (GLRY).
SOVF and GLRY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOVF is an actively managed fund by Sovereign's. It was launched on Oct 2, 2023. GLRY is an actively managed fund by Inspire. It was launched on Dec 7, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOVF or GLRY.
Key characteristics
| SOVF | GLRY | |
|---|---|---|
| YTD Return | 10.99% | 19.89% |
| 1Y Return | 22.43% | 26.54% |
| Sharpe Ratio | 1.53 | 1.82 |
| Sortino Ratio | 2.21 | 2.49 |
| Omega Ratio | 1.27 | 1.31 |
| Calmar Ratio | 2.94 | 1.03 |
| Martin Ratio | 7.43 | 10.69 |
| Ulcer Index | 3.07% | 2.44% |
| Daily Std Dev | 14.87% | 14.38% |
| Max Drawdown | -7.76% | -40.60% |
| Current Drawdown | -2.30% | -4.44% |
Correlation
The correlation between SOVF and GLRY is 0.83, 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
SOVF vs. GLRY - Performance Comparison
In the year-to-date period, SOVF achieves a 10.99% return, which is significantly lower than GLRY's 19.89% 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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SOVF vs. GLRY - Expense Ratio Comparison
SOVF has a 0.75% expense ratio, which is lower than GLRY's 0.85% expense ratio.
Risk-Adjusted Performance
SOVF vs. GLRY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sovereign's Capital Flourish Fund (SOVF) and Inspire Faithward Mid Cap Momentum ESG ETF (GLRY). 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
SOVF vs. GLRY - Dividend Comparison
SOVF's dividend yield for the trailing twelve months is around 0.16%, less than GLRY's 0.78% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SOVF Sovereign's Capital Flourish Fund | 0.16% | 0.18% | 0.00% | 0.00% |
GLRY Inspire Faithward Mid Cap Momentum ESG ETF | 0.78% | 1.07% | 1.03% | 4.00% |
Drawdowns
SOVF vs. GLRY - Drawdown Comparison
The maximum SOVF drawdown since its inception was -7.76%, smaller than the maximum GLRY drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for SOVF and GLRY. For additional features, visit the drawdowns tool.
Volatility
SOVF vs. GLRY - Volatility Comparison
The current volatility for Sovereign's Capital Flourish Fund (SOVF) is 5.13%, while Inspire Faithward Mid Cap Momentum ESG ETF (GLRY) has a volatility of 5.44%. This indicates that SOVF experiences smaller price fluctuations and is considered to be less risky than GLRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.