Correlation
The correlation between TBG and ^GSPC is 0.62, 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.
TBG vs. ^GSPC
Compare and contrast key facts about TBG Dividend Focus ETF (TBG) and S&P 500 (^GSPC).
TBG is an actively managed fund by EA Series Trust. It was launched on Nov 6, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBG or ^GSPC.
Performance
TBG vs. ^GSPC - Performance Comparison
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Key characteristics
TBG:
0.92
^GSPC:
0.62
TBG:
1.15
^GSPC:
0.94
TBG:
1.16
^GSPC:
1.14
TBG:
0.81
^GSPC:
0.61
TBG:
2.80
^GSPC:
2.29
TBG:
4.24%
^GSPC:
5.01%
TBG:
15.43%
^GSPC:
19.79%
TBG:
-14.76%
^GSPC:
-56.78%
TBG:
-6.73%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, TBG achieves a -0.58% return, which is significantly lower than ^GSPC's 0.52% return.
TBG
-0.58%
2.32%
-5.65%
14.13%
N/A
N/A
N/A
^GSPC
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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Risk-Adjusted Performance
TBG vs. ^GSPC — Risk-Adjusted Performance Rank
TBG
^GSPC
TBG vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TBG Dividend Focus ETF (TBG) and S&P 500 (^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.
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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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Volatility
TBG vs. ^GSPC - Volatility Comparison
TBG Dividend Focus ETF (TBG) and S&P 500 (^GSPC) have volatilities of 4.62% and 4.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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