Correlation
The correlation between SSIAX and SPY is 0.95, 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.
SSIAX vs. SPY
Compare and contrast key facts about 1919 Socially Responsive Balanced Fund (SSIAX) and SPDR S&P 500 ETF (SPY).
SSIAX is managed by 1919 Funds. It was launched on Nov 5, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSIAX or SPY.
Performance
SSIAX vs. SPY - Performance Comparison
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Key characteristics
SSIAX:
0.57
SPY:
0.67
SSIAX:
0.82
SPY:
1.03
SSIAX:
1.11
SPY:
1.15
SSIAX:
0.52
SPY:
0.69
SSIAX:
1.92
SPY:
2.61
SSIAX:
3.58%
SPY:
4.92%
SSIAX:
13.38%
SPY:
20.44%
SSIAX:
-40.41%
SPY:
-55.19%
SSIAX:
-2.58%
SPY:
-3.44%
Returns By Period
In the year-to-date period, SSIAX achieves a 0.61% return, which is significantly lower than SPY's 0.98% return. Over the past 10 years, SSIAX has underperformed SPY with an annualized return of 8.73%, while SPY has yielded a comparatively higher 12.73% annualized return.
SSIAX
0.61%
3.57%
-1.00%
7.57%
9.63%
9.40%
8.73%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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SSIAX vs. SPY - Expense Ratio Comparison
SSIAX has a 0.97% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SSIAX vs. SPY — Risk-Adjusted Performance Rank
SSIAX
SPY
SSIAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 1919 Socially Responsive Balanced Fund (SSIAX) 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.
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Dividends
SSIAX vs. SPY - Dividend Comparison
SSIAX's dividend yield for the trailing twelve months is around 0.65%, less than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSIAX 1919 Socially Responsive Balanced Fund | 0.65% | 0.59% | 0.51% | 0.23% | 0.41% | 0.27% | 0.62% | 7.03% | 6.21% | 7.43% | 8.74% | 15.18% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SSIAX vs. SPY - Drawdown Comparison
The maximum SSIAX drawdown since its inception was -40.41%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SSIAX and SPY.
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Volatility
SSIAX vs. SPY - Volatility Comparison
The current volatility for 1919 Socially Responsive Balanced Fund (SSIAX) is 3.26%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that SSIAX 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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