SPFIX vs. SPY
Compare and contrast key facts about Shelton Capital Management S&P 500 Index Fund (SPFIX) and State Street SPDR S&P 500 ETF (SPY).
SPFIX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Apr 20, 1992. 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. Both SPFIX and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPFIX vs. SPY - Performance Comparison
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SPFIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPFIX Shelton Capital Management S&P 500 Index Fund | -7.11% | 17.23% | 42.83% | 25.48% | -18.22% | 27.99% | 17.41% | 41.64% | -4.68% | 21.55% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SPFIX achieves a -7.11% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, SPFIX has outperformed SPY with an annualized return of 15.75%, while SPY has yielded a comparatively lower 13.98% annualized return.
SPFIX
- 1D
- -0.37%
- 1M
- -7.67%
- YTD
- -7.11%
- 6M
- -4.66%
- 1Y
- 14.10%
- 3Y*
- 22.03%
- 5Y*
- 14.01%
- 10Y*
- 15.75%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SPFIX vs. SPY - Expense Ratio Comparison
SPFIX has a 0.43% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SPFIX vs. SPY — Risk / Return Rank
SPFIX
SPY
SPFIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Capital Management S&P 500 Index Fund (SPFIX) and State Street 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.
| SPFIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.93 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.45 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.53 | -0.51 |
Martin ratioReturn relative to average drawdown | 4.90 | 7.30 | -2.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPFIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.93 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.69 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.78 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.56 | 0.00 |
Correlation
The correlation between SPFIX and SPY is 0.98, 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.
Dividends
SPFIX vs. SPY - Dividend Comparison
SPFIX's dividend yield for the trailing twelve months is around 3.68%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFIX Shelton Capital Management S&P 500 Index Fund | 3.68% | 3.45% | 27.20% | 8.08% | 5.07% | 5.43% | 8.06% | 16.60% | 2.49% | 3.01% | 2.92% | 4.35% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SPFIX vs. SPY - Drawdown Comparison
The maximum SPFIX drawdown since its inception was -54.81%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPFIX and SPY.
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Drawdown Indicators
| SPFIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.81% | -55.19% | +0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -12.05% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -24.50% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -33.83% | -33.72% | -0.11% |
Current DrawdownCurrent decline from peak | -8.90% | -6.24% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -9.09% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.52% | -0.02% |
Volatility
SPFIX vs. SPY - Volatility Comparison
The current volatility for Shelton Capital Management S&P 500 Index Fund (SPFIX) is 4.22%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SPFIX 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.
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Volatility by Period
| SPFIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 5.31% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 9.47% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 19.05% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 17.06% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 17.92% | +0.92% |