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

Performance

SPXT vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Technology ETF (SPXT) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
12.62%
17.59%
SPXT
SPYD

Returns By Period

The year-to-date returns for both stocks are quite close, with SPXT having a 22.47% return and SPYD slightly lower at 22.20%.


SPXT

YTD

22.47%

1M

2.71%

6M

13.18%

1Y

29.07%

5Y (annualized)

12.03%

10Y (annualized)

N/A

SPYD

YTD

22.20%

1M

1.64%

6M

18.06%

1Y

35.66%

5Y (annualized)

8.75%

10Y (annualized)

N/A

Key characteristics


SPXTSPYD
Sharpe Ratio2.942.77
Sortino Ratio3.993.83
Omega Ratio1.531.50
Calmar Ratio4.762.30
Martin Ratio21.1218.40
Ulcer Index1.41%1.97%
Daily Std Dev10.10%13.05%
Max Drawdown-34.38%-46.42%
Current Drawdown-0.88%0.00%

Compare stocks, funds, or ETFs

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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%

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.

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.


Sharpe ratio
The chart of Sharpe ratio for SPXT, currently valued at 2.94, compared to the broader market0.002.004.002.942.77
The chart of Sortino ratio for SPXT, currently valued at 3.99, compared to the broader market-2.000.002.004.006.008.0010.003.993.83
The chart of Omega ratio for SPXT, currently valued at 1.53, compared to the broader market0.501.001.502.002.503.001.531.50
The chart of Calmar ratio for SPXT, currently valued at 4.76, compared to the broader market0.005.0010.0015.004.762.30
The chart of Martin ratio for SPXT, currently valued at 21.12, compared to the broader market0.0020.0040.0060.0080.00100.0021.1218.40
SPXT
SPYD

The current SPXT Sharpe Ratio is 2.94, which is comparable to the SPYD Sharpe Ratio of 2.77. 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
2.94
2.77
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 3.99% 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
3.99%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%JuneJulyAugustSeptemberOctoberNovember
-0.88%
0
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 3.54% 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.


2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.54%
3.38%
SPXT
SPYD