SYNB vs. SPY
Compare and contrast key facts about Putnam BioRevolution ETF (SYNB) and SPDR S&P 500 ETF (SPY).
SYNB and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SYNB is an actively managed fund by Putnam. It was launched on Sep 29, 2022. 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: SYNB or SPY.
Correlation
The correlation between SYNB and SPY is 0.81, 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
SYNB vs. SPY - Performance Comparison
Key characteristics
SYNB:
0.03
SPY:
1.87
SYNB:
0.14
SPY:
2.52
SYNB:
1.02
SPY:
1.35
SYNB:
0.04
SPY:
2.81
SYNB:
0.09
SPY:
11.69
SYNB:
4.86%
SPY:
2.02%
SYNB:
13.68%
SPY:
12.65%
SYNB:
-14.92%
SPY:
-55.19%
SYNB:
-9.38%
SPY:
0.00%
Returns By Period
In the year-to-date period, SYNB achieves a 1.12% return, which is significantly lower than SPY's 4.58% return.
SYNB
1.12%
-0.69%
-7.87%
0.81%
N/A
N/A
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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SYNB vs. SPY - Expense Ratio Comparison
SYNB has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SYNB vs. SPY — Risk-Adjusted Performance Rank
SYNB
SPY
SYNB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam BioRevolution ETF (SYNB) 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
SYNB vs. SPY - Dividend Comparison
SYNB's dividend yield for the trailing twelve months is around 0.72%, less than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYNB Putnam BioRevolution ETF | 0.72% | 0.72% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SYNB vs. SPY - Drawdown Comparison
The maximum SYNB drawdown since its inception was -14.92%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SYNB and SPY. For additional features, visit the drawdowns tool.
Volatility
SYNB vs. SPY - Volatility Comparison
Putnam BioRevolution ETF (SYNB) has a higher volatility of 4.11% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that SYNB'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.