TORYX vs. SPY
Compare and contrast key facts about Torray Fund (TORYX) and SPDR S&P 500 ETF (SPY).
TORYX is managed by Torray. It was launched on Dec 18, 1990. 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: TORYX or SPY.
Correlation
The correlation between TORYX and SPY is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TORYX vs. SPY - Performance Comparison
Key characteristics
TORYX:
0.59
SPY:
1.88
TORYX:
0.85
SPY:
2.53
TORYX:
1.11
SPY:
1.35
TORYX:
0.58
SPY:
2.83
TORYX:
1.60
SPY:
11.74
TORYX:
4.61%
SPY:
2.02%
TORYX:
12.61%
SPY:
12.64%
TORYX:
-62.88%
SPY:
-55.19%
TORYX:
-6.43%
SPY:
-0.42%
Returns By Period
In the year-to-date period, TORYX achieves a 5.76% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, TORYX has underperformed SPY with an annualized return of 2.68%, while SPY has yielded a comparatively higher 13.18% annualized return.
TORYX
5.76%
0.09%
-0.99%
6.95%
3.22%
2.68%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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TORYX vs. SPY - Expense Ratio Comparison
TORYX has a 1.07% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TORYX vs. SPY — Risk-Adjusted Performance Rank
TORYX
SPY
TORYX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Torray Fund (TORYX) 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
TORYX vs. SPY - Dividend Comparison
TORYX's dividend yield for the trailing twelve months is around 0.97%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TORYX Torray Fund | 0.97% | 1.02% | 1.18% | 1.28% | 1.14% | 1.34% | 2.66% | 1.43% | 1.16% | 1.18% | 1.05% | 1.02% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TORYX vs. SPY - Drawdown Comparison
The maximum TORYX drawdown since its inception was -62.88%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TORYX and SPY. For additional features, visit the drawdowns tool.
Volatility
TORYX vs. SPY - Volatility Comparison
The current volatility for Torray Fund (TORYX) is 2.69%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that TORYX 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.