SURI vs. SPY
Compare and contrast key facts about Simplify Propel Opportunities ETF (SURI) and SPDR S&P 500 ETF (SPY).
SURI and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SURI is an actively managed fund by Simplify. It was launched on Feb 7, 2023. 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: SURI or SPY.
Performance
SURI vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SURI having a 25.13% return and SPY slightly higher at 26.08%.
SURI
25.13%
-1.79%
12.31%
41.29%
N/A
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| SURI | SPY | |
|---|---|---|
| Sharpe Ratio | 1.49 | 2.70 |
| Sortino Ratio | 2.16 | 3.60 |
| Omega Ratio | 1.26 | 1.50 |
| Calmar Ratio | 2.55 | 3.90 |
| Martin Ratio | 5.75 | 17.52 |
| Ulcer Index | 7.45% | 1.87% |
| Daily Std Dev | 28.73% | 12.14% |
| Max Drawdown | -19.43% | -55.19% |
| Current Drawdown | -12.46% | -0.85% |
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SURI vs. SPY - Expense Ratio Comparison
SURI has a 2.51% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between SURI and SPY is 0.42, 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
SURI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) 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
SURI vs. SPY - Dividend Comparison
SURI's dividend yield for the trailing twelve months is around 14.21%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SURI Simplify Propel Opportunities ETF | 14.21% | 14.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SURI vs. SPY - Drawdown Comparison
The maximum SURI drawdown since its inception was -19.43%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SURI and SPY. For additional features, visit the drawdowns tool.
Volatility
SURI vs. SPY - Volatility Comparison
Simplify Propel Opportunities ETF (SURI) has a higher volatility of 11.21% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that SURI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.