TRVLX vs. SPY
Compare and contrast key facts about T. Rowe Price Value Fund (TRVLX) and SPDR S&P 500 ETF (SPY).
TRVLX is managed by T. Rowe Price. 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: TRVLX or SPY.
Key characteristics
TRVLX | SPY | |
---|---|---|
YTD Return | 16.69% | 19.17% |
1Y Return | 24.34% | 28.27% |
3Y Return (Ann) | 6.99% | 9.99% |
5Y Return (Ann) | 11.60% | 15.18% |
10Y Return (Ann) | 9.67% | 12.84% |
Sharpe Ratio | 2.17 | 2.11 |
Daily Std Dev | 10.70% | 12.62% |
Max Drawdown | -60.22% | -55.19% |
Current Drawdown | -1.05% | -0.36% |
Correlation
The correlation between TRVLX and SPY is 0.89, 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
TRVLX vs. SPY - Performance Comparison
In the year-to-date period, TRVLX achieves a 16.69% return, which is significantly lower than SPY's 19.17% return. Over the past 10 years, TRVLX has underperformed SPY with an annualized return of 9.67%, while SPY has yielded a comparatively higher 12.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TRVLX vs. SPY - Expense Ratio Comparison
TRVLX has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TRVLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Value Fund (TRVLX) 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
TRVLX vs. SPY - Dividend Comparison
TRVLX's dividend yield for the trailing twelve months is around 2.54%, more than SPY's 0.93% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
T. Rowe Price Value Fund | 2.54% | 2.97% | 10.09% | 10.92% | 2.33% | 1.69% | 11.09% | 7.21% | 3.06% | 8.77% | 10.16% | 6.99% |
SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TRVLX vs. SPY - Drawdown Comparison
The maximum TRVLX drawdown since its inception was -60.22%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TRVLX and SPY. For additional features, visit the drawdowns tool.
Volatility
TRVLX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Value Fund (TRVLX) is 2.93%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.94%. This indicates that TRVLX 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.