TACK vs. SPY
Compare and contrast key facts about Fairlead Tactical Sector Fund (TACK) and SPDR S&P 500 ETF (SPY).
TACK and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TACK is an actively managed fund by Fairlead. It was launched on Mar 22, 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: TACK or SPY.
Key characteristics
| TACK | SPY | |
|---|---|---|
| YTD Return | 15.50% | 26.01% |
| 1Y Return | 22.42% | 33.73% |
| Sharpe Ratio | 2.19 | 2.82 |
| Sortino Ratio | 3.06 | 3.76 |
| Omega Ratio | 1.39 | 1.53 |
| Calmar Ratio | 3.00 | 4.05 |
| Martin Ratio | 12.40 | 18.33 |
| Ulcer Index | 1.78% | 1.86% |
| Daily Std Dev | 10.06% | 12.07% |
| Max Drawdown | -13.43% | -55.19% |
| Current Drawdown | -1.25% | -0.90% |
Correlation
The correlation between TACK and SPY is 0.61, 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
TACK vs. SPY - Performance Comparison
In the year-to-date period, TACK achieves a 15.50% return, which is significantly lower than SPY's 26.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TACK vs. SPY - Expense Ratio Comparison
TACK has a 0.76% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TACK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairlead Tactical Sector Fund (TACK) 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
TACK vs. SPY - Dividend Comparison
TACK's dividend yield for the trailing twelve months is around 1.19%, which matches SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TACK Fairlead Tactical Sector Fund | 1.19% | 1.30% | 0.90% | 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
TACK vs. SPY - Drawdown Comparison
The maximum TACK drawdown since its inception was -13.43%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TACK and SPY. For additional features, visit the drawdowns tool.
Volatility
TACK vs. SPY - Volatility Comparison
The current volatility for Fairlead Tactical Sector Fund (TACK) is 2.84%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that TACK 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.