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THTA vs. SPAXX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


THTASPAXX
YTD Return5.22%0.86%
Daily Std Dev11.93%0.80%
Max Drawdown-11.94%0.00%
Current Drawdown-2.51%0.00%

Correlation

-0.50.00.51.0-0.1

The correlation between THTA and SPAXX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

THTA vs. SPAXX - Performance Comparison

In the year-to-date period, THTA achieves a 5.22% return, which is significantly higher than SPAXX's 0.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%2.00%JuneJulyAugustSeptemberOctoberNovember
0.29%
0
THTA
SPAXX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


THTA vs. SPAXX - Expense Ratio Comparison


THTA
SoFi Enhanced Yield ETF
Expense ratio chart for THTA: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

Risk-Adjusted Performance

THTA vs. SPAXX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Enhanced Yield ETF (THTA) and Fidelity Government Money Market Fund (SPAXX). 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.


THTA
Sharpe ratio
No data
Sortino ratio
The chart of Sortino ratio for THTA, currently valued at 0.66, compared to the broader market0.005.0010.000.66
Omega ratio
The chart of Omega ratio for THTA, currently valued at 1.27, compared to the broader market1.001.502.002.503.001.27
SPAXX
Sharpe ratio
The chart of Sharpe ratio for SPAXX, currently valued at 2.27, compared to the broader market-2.000.002.004.006.002.27

THTA vs. SPAXX - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

THTA vs. SPAXX - Dividend Comparison

THTA's dividend yield for the trailing twelve months is around 11.05%, more than SPAXX's 4.93% yield.


TTM2023202220212020201920182017
THTA
SoFi Enhanced Yield ETF
11.05%0.58%0.00%0.00%0.00%0.00%0.00%0.00%
SPAXX
Fidelity Government Money Market Fund
4.93%4.68%1.30%0.01%0.26%0.98%0.00%0.00%

Drawdowns

THTA vs. SPAXX - Drawdown Comparison

The maximum THTA drawdown since its inception was -11.94%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for THTA and SPAXX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.51%
0
THTA
SPAXX

Volatility

THTA vs. SPAXX - Volatility Comparison

SoFi Enhanced Yield ETF (THTA) has a higher volatility of 1.25% compared to Fidelity Government Money Market Fund (SPAXX) at 0.00%. This indicates that THTA's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
1.25%
0
THTA
SPAXX