TBG vs. ^GSPC
TBG (TBG Dividend Focus ETF) is Large Cap Value Equities fund actively managed by EA Series Trust, while ^GSPC (S&P 500 Index) is an index. Over the past year, TBG returned 20.42% vs 28.20% for ^GSPC. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
TBG vs. ^GSPC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TBG having a 11.50% return and ^GSPC slightly lower at 11.16%.
TBG
- 1D
- 0.38%
- 1M
- 2.32%
- YTD
- 11.50%
- 6M
- 11.92%
- 1Y
- 20.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
TBG vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TBG TBG Dividend Focus ETF | 11.50% | 7.50% | 20.58% | 9.66% |
^GSPC S&P 500 Index | 11.16% | 16.39% | 23.31% | 8.94% |
Correlation
The correlation between TBG and ^GSPC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023 | 0.57 |
The correlation between TBG and ^GSPC has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
TBG vs. ^GSPC — Risk / Return Rank
TBG
^GSPC
TBG vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TBG Dividend Focus ETF (TBG) and S&P 500 Index (^GSPC). 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.
| TBG | ^GSPC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.16 | 2.39 | -0.22 |
Sortino ratioReturn per unit of downside risk | 3.15 | 3.25 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.16 | +0.17 |
Martin ratioReturn relative to average drawdown | 10.33 | 14.61 | -4.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TBG | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.39 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.75 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.47 | +1.15 |
Drawdowns
TBG vs. ^GSPC - Drawdown Comparison
The maximum TBG drawdown since its inception was -14.76%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TBG and ^GSPC.
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Drawdown Indicators
| TBG | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.76% | -56.78% | +42.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -9.10% | +2.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -10.72% | +8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.97% | +0.01% |
Volatility
TBG vs. ^GSPC - Volatility Comparison
The current volatility for TBG Dividend Focus ETF (TBG) is 2.54%, while S&P 500 Index (^GSPC) has a volatility of 2.84%. This indicates that TBG experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBG | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 2.84% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 8.98% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.48% | 11.87% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 16.90% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.21% | 18.07% | -5.86% |
Frequently Asked Questions
TBG and ^GSPC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (2.84%) compared to TBG (2.54%). In terms of maximum drawdown, TBG dropped -14.76% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.39 vs 2.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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