SPAX vs. SPY
Compare and contrast key facts about Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and SPDR S&P 500 ETF (SPY).
SPAX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPAX is an actively managed fund by Toroso Investments. It was launched on Jun 22, 2021. 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: SPAX or SPY.
Correlation
The correlation between SPAX and SPY is 0.05, 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.
Performance
SPAX vs. SPY - Performance Comparison
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Key characteristics
Returns By Period
SPAX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
SPY
-0.21%
10.59%
-1.16%
11.45%
15.35%
16.25%
12.52%
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SPAX vs. SPY - Expense Ratio Comparison
SPAX has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SPAX vs. SPY — Risk-Adjusted Performance Rank
SPAX
SPY
SPAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) 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
SPAX vs. SPY - Dividend Comparison
SPAX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPAX Robinson Alternative Yield Pre-merger SPAC ETF | 4.15% | 5.50% | 5.37% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SPAX vs. SPY - Drawdown Comparison
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Volatility
SPAX vs. SPY - Volatility Comparison
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