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SPXT vs. SPYD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SPXTSPYD
YTD Return22.97%21.17%
1Y Return35.77%41.23%
3Y Return (Ann)7.53%8.37%
5Y Return (Ann)12.26%8.25%
Sharpe Ratio3.362.85
Sortino Ratio4.564.04
Omega Ratio1.621.52
Calmar Ratio3.321.99
Martin Ratio24.8119.99
Ulcer Index1.39%1.96%
Daily Std Dev10.25%13.73%
Max Drawdown-34.38%-46.42%
Current Drawdown0.00%-0.48%

Correlation

-0.50.00.51.00.7

The correlation between SPXT and SPYD is 0.65, 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

SPXT vs. SPYD - Performance Comparison

In the year-to-date period, SPXT achieves a 22.97% return, which is significantly higher than SPYD's 21.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
12.54%
15.29%
SPXT
SPYD

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SPXT vs. SPYD - Expense Ratio Comparison

SPXT has a 0.27% expense ratio, which is higher than SPYD's 0.07% 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%.


SPXT
ProShares S&P 500 Ex-Technology ETF
Expense ratio chart for SPXT: current value at 0.27% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.27%
Expense ratio chart for SPYD: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Risk-Adjusted Performance

SPXT vs. SPYD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.


SPXT
Sharpe ratio
The chart of Sharpe ratio for SPXT, currently valued at 3.36, compared to the broader market-2.000.002.004.006.003.36
Sortino ratio
The chart of Sortino ratio for SPXT, currently valued at 4.56, compared to the broader market0.005.0010.004.56
Omega ratio
The chart of Omega ratio for SPXT, currently valued at 1.62, compared to the broader market1.001.502.002.503.001.62
Calmar ratio
The chart of Calmar ratio for SPXT, currently valued at 3.32, compared to the broader market0.005.0010.0015.003.32
Martin ratio
The chart of Martin ratio for SPXT, currently valued at 24.81, compared to the broader market0.0020.0040.0060.0080.00100.0024.81
SPYD
Sharpe ratio
The chart of Sharpe ratio for SPYD, currently valued at 2.85, compared to the broader market-2.000.002.004.006.002.85
Sortino ratio
The chart of Sortino ratio for SPYD, currently valued at 4.04, compared to the broader market0.005.0010.004.04
Omega ratio
The chart of Omega ratio for SPYD, currently valued at 1.52, compared to the broader market1.001.502.002.503.001.52
Calmar ratio
The chart of Calmar ratio for SPYD, currently valued at 1.99, compared to the broader market0.005.0010.0015.001.99
Martin ratio
The chart of Martin ratio for SPYD, currently valued at 19.99, compared to the broader market0.0020.0040.0060.0080.00100.0019.99

SPXT vs. SPYD - Sharpe Ratio Comparison

The current SPXT Sharpe Ratio is 3.36, which is comparable to the SPYD Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of SPXT and SPYD, 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 Ratio0.501.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.36
2.85
SPXT
SPYD

Dividends

SPXT vs. SPYD - Dividend Comparison

SPXT's dividend yield for the trailing twelve months is around 1.43%, less than SPYD's 4.02% yield.


TTM202320222021202020192018201720162015
SPXT
ProShares S&P 500 Ex-Technology ETF
1.43%1.53%1.86%1.15%1.64%1.63%2.03%1.55%2.35%0.56%
SPYD
SPDR Portfolio S&P 500 High Dividend ETF
4.02%4.66%5.01%3.69%4.96%4.42%4.75%4.64%4.34%1.13%

Drawdowns

SPXT vs. SPYD - Drawdown Comparison

The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SPXT and SPYD. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.48%
SPXT
SPYD

Volatility

SPXT vs. SPYD - Volatility Comparison

ProShares S&P 500 Ex-Technology ETF (SPXT) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD) have volatilities of 3.53% and 3.62%, 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.


2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.53%
3.62%
SPXT
SPYD