SPINX vs. SPY
Compare and contrast key facts about SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) and SPDR S&P 500 ETF (SPY).
SPINX is managed by SEI. It was launched on Dec 18, 2013. 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: SPINX or SPY.
Correlation
The correlation between SPINX and SPY is 0.99, 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
SPINX vs. SPY - Performance Comparison
Key characteristics
SPINX:
-0.06
SPY:
1.75
SPINX:
0.09
SPY:
2.36
SPINX:
1.02
SPY:
1.32
SPINX:
-0.07
SPY:
2.66
SPINX:
-0.18
SPY:
11.01
SPINX:
8.74%
SPY:
2.03%
SPINX:
25.38%
SPY:
12.77%
SPINX:
-33.82%
SPY:
-55.19%
SPINX:
-20.41%
SPY:
-2.12%
Returns By Period
The year-to-date returns for both stocks are quite close, with SPINX having a 2.41% return and SPY slightly lower at 2.36%. Over the past 10 years, SPINX has underperformed SPY with an annualized return of 7.59%, while SPY has yielded a comparatively higher 12.96% annualized return.
SPINX
2.41%
-1.12%
-13.64%
-3.72%
4.47%
7.59%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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SPINX vs. SPY - Expense Ratio Comparison
SPINX has a 0.12% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPINX vs. SPY — Risk-Adjusted Performance Rank
SPINX
SPY
SPINX vs. SPY - 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 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.
Dividends
SPINX vs. SPY - Dividend Comparison
SPINX's dividend yield for the trailing twelve months is around 1.60%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPINX SEI Institutional Investments Trust S&P 500 Index Fund | 1.60% | 1.64% | 1.53% | 1.69% | 1.28% | 1.53% | 1.75% | 2.47% | 1.86% | 1.98% | 2.02% | 1.74% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SPINX vs. SPY - Drawdown Comparison
The maximum SPINX drawdown since its inception was -33.82%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPINX and SPY. For additional features, visit the drawdowns tool.
Volatility
SPINX vs. SPY - Volatility Comparison
SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.44% and 3.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.