THTA vs. SPAXX
Compare and contrast key facts about SoFi Enhanced Yield ETF (THTA) and Fidelity Government Money Market Fund (SPAXX).
THTA is an actively managed fund by SoFi. It was launched on Nov 14, 2023. SPAXX is managed by Fidelity. It was launched on Feb 5, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: THTA or SPAXX.
Performance
THTA vs. SPAXX - Performance Comparison
Returns By Period
In the year-to-date period, THTA achieves a 5.35% return, which is significantly higher than SPAXX's 0.86% return.
THTA
5.35%
1.33%
0.41%
6.33%
N/A
N/A
SPAXX
0.86%
0.00%
0.00%
1.27%
1.44%
0.78%
Key characteristics
| THTA | SPAXX | |
|---|---|---|
| Sharpe Ratio | 0.53 | 2.27 |
| Ulcer Index | 2.85% | 0.00% |
| Daily Std Dev | 11.86% | 0.80% |
| Max Drawdown | -11.94% | 0.00% |
| Current Drawdown | -2.41% | 0.00% |
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
Correlation
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.
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.
Dividends
THTA vs. SPAXX - Dividend Comparison
THTA's dividend yield for the trailing twelve months is around 12.16%, more than SPAXX's 4.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
THTA SoFi Enhanced Yield ETF | 12.16% | 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.
Volatility
THTA vs. SPAXX - Volatility Comparison
SoFi Enhanced Yield ETF (THTA) has a higher volatility of 1.27% 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.