SPINX vs. BITO
Compare and contrast key facts about SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) and ProShares Bitcoin Strategy ETF (BITO).
SPINX is managed by SEI. It was launched on Dec 18, 2013. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPINX or BITO.
Correlation
The correlation between SPINX and BITO is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPINX vs. BITO - Performance Comparison
Key characteristics
SPINX:
-0.02
BITO:
1.27
SPINX:
0.13
BITO:
1.97
SPINX:
1.04
BITO:
1.23
SPINX:
-0.02
BITO:
2.28
SPINX:
-0.06
BITO:
5.28
SPINX:
8.56%
BITO:
13.63%
SPINX:
25.33%
BITO:
56.81%
SPINX:
-33.82%
BITO:
-77.86%
SPINX:
-18.69%
BITO:
-11.38%
Returns By Period
In the year-to-date period, SPINX achieves a 4.63% return, which is significantly higher than BITO's 1.86% return.
SPINX
4.63%
2.56%
-11.55%
0.56%
4.92%
7.85%
BITO
1.86%
-8.97%
51.14%
71.30%
N/A
N/A
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SPINX vs. BITO - Expense Ratio Comparison
SPINX has a 0.12% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
SPINX vs. BITO — Risk-Adjusted Performance Rank
SPINX
BITO
SPINX vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) and ProShares Bitcoin Strategy ETF (BITO). 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
SPINX vs. BITO - Dividend Comparison
SPINX's dividend yield for the trailing twelve months is around 1.57%, less than BITO's 65.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPINX SEI Institutional Investments Trust S&P 500 Index Fund | 1.57% | 1.64% | 1.53% | 1.69% | 1.28% | 1.53% | 1.75% | 2.47% | 1.86% | 1.98% | 2.02% | 1.74% |
BITO ProShares Bitcoin Strategy ETF | 65.46% | 61.58% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPINX vs. BITO - Drawdown Comparison
The maximum SPINX drawdown since its inception was -33.82%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for SPINX and BITO. For additional features, visit the drawdowns tool.
Volatility
SPINX vs. BITO - Volatility Comparison
The current volatility for SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) is 3.09%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 9.16%. This indicates that SPINX experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.