USA vs. SPY
Compare and contrast key facts about Liberty All-Star Equity Fund (USA) and SPDR S&P 500 ETF (SPY).
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: USA or SPY.
Performance
USA vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with USA having a 23.77% return and SPY slightly higher at 24.40%. Both investments have delivered pretty close results over the past 10 years, with USA having a 12.71% annualized return and SPY not far ahead at 13.04%.
USA
23.77%
0.11%
10.15%
28.61%
12.71%
12.71%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| USA | SPY | |
|---|---|---|
| Sharpe Ratio | 2.05 | 2.64 |
| Sortino Ratio | 2.78 | 3.53 |
| Omega Ratio | 1.35 | 1.49 |
| Calmar Ratio | 1.64 | 3.81 |
| Martin Ratio | 13.62 | 17.21 |
| Ulcer Index | 2.10% | 1.86% |
| Daily Std Dev | 13.97% | 12.15% |
| Max Drawdown | -69.06% | -55.19% |
| Current Drawdown | -2.17% | -2.17% |
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Correlation
The correlation between USA and SPY is 0.66, 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.
Risk-Adjusted Performance
USA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Liberty All-Star Equity Fund (USA) 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
USA vs. SPY - Dividend Comparison
USA's dividend yield for the trailing twelve months is around 9.97%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USA Liberty All-Star Equity Fund | 9.97% | 9.56% | 12.11% | 9.67% | 9.26% | 9.88% | 12.81% | 9.01% | 9.43% | 9.66% | 6.61% | 5.94% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
USA vs. SPY - Drawdown Comparison
The maximum USA drawdown since its inception was -69.06%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USA and SPY. For additional features, visit the drawdowns tool.
Volatility
USA vs. SPY - Volatility Comparison
Liberty All-Star Equity Fund (USA) has a higher volatility of 4.36% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that USA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.