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SPAX vs. FSPTX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPAX and FSPTX is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.0

Performance

SPAX vs. FSPTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and Fidelity Select Technology Portfolio (FSPTX). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
2.05%
13.33%
SPAX
FSPTX

Key characteristics

Sharpe Ratio

SPAX:

0.92

FSPTX:

1.75

Sortino Ratio

SPAX:

1.43

FSPTX:

2.30

Omega Ratio

SPAX:

1.20

FSPTX:

1.30

Calmar Ratio

SPAX:

2.25

FSPTX:

2.55

Martin Ratio

SPAX:

9.65

FSPTX:

8.64

Ulcer Index

SPAX:

0.49%

FSPTX:

4.74%

Daily Std Dev

SPAX:

5.13%

FSPTX:

23.47%

Max Drawdown

SPAX:

-8.88%

FSPTX:

-84.32%

Current Drawdown

SPAX:

-0.75%

FSPTX:

-0.63%

Returns By Period

In the year-to-date period, SPAX achieves a 4.23% return, which is significantly lower than FSPTX's 40.63% return.


SPAX

YTD

4.23%

1M

0.66%

6M

1.88%

1Y

4.36%

5Y*

N/A

10Y*

N/A

FSPTX

YTD

40.63%

1M

4.39%

6M

13.32%

1Y

40.98%

5Y*

23.16%

10Y*

21.29%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SPAX vs. FSPTX - Expense Ratio Comparison

SPAX has a 0.85% expense ratio, which is higher than FSPTX's 0.67% expense ratio.


SPAX
Robinson Alternative Yield Pre-merger SPAC ETF
Expense ratio chart for SPAX: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%
Expense ratio chart for FSPTX: current value at 0.67% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.67%

Risk-Adjusted Performance

SPAX vs. FSPTX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and Fidelity Select Technology Portfolio (FSPTX). 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.


Sharpe ratio
The chart of Sharpe ratio for SPAX, currently valued at 0.85, compared to the broader market0.002.004.000.851.75
The chart of Sortino ratio for SPAX, currently valued at 1.32, compared to the broader market-2.000.002.004.006.008.0010.001.322.30
The chart of Omega ratio for SPAX, currently valued at 1.18, compared to the broader market0.501.001.502.002.503.001.181.30
The chart of Calmar ratio for SPAX, currently valued at 2.08, compared to the broader market0.005.0010.0015.002.082.55
The chart of Martin ratio for SPAX, currently valued at 8.84, compared to the broader market0.0020.0040.0060.0080.00100.008.848.64
SPAX
FSPTX

The current SPAX Sharpe Ratio is 0.92, which is lower than the FSPTX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of SPAX and FSPTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.85
1.75
SPAX
FSPTX

Dividends

SPAX vs. FSPTX - Dividend Comparison

SPAX's dividend yield for the trailing twelve months is around 3.97%, less than FSPTX's 4.53% yield.


TTM20232022202120202019201820172016201520142013
SPAX
Robinson Alternative Yield Pre-merger SPAC ETF
3.97%7.54%0.97%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FSPTX
Fidelity Select Technology Portfolio
4.53%0.01%3.95%11.62%18.86%1.61%23.63%8.31%1.49%4.28%17.85%8.07%

Drawdowns

SPAX vs. FSPTX - Drawdown Comparison

The maximum SPAX drawdown since its inception was -8.88%, smaller than the maximum FSPTX drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for SPAX and FSPTX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.75%
-0.63%
SPAX
FSPTX

Volatility

SPAX vs. FSPTX - Volatility Comparison

The current volatility for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) is 1.29%, while Fidelity Select Technology Portfolio (FSPTX) has a volatility of 5.91%. This indicates that SPAX experiences smaller price fluctuations and is considered to be less risky than FSPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
1.29%
5.91%
SPAX
FSPTX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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