USBOX vs. SPY
Compare and contrast key facts about Pear Tree Quality Fund (USBOX) and SPDR S&P 500 ETF (SPY).
USBOX is managed by Pear Tree Funds. It was launched on May 6, 1985. 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: USBOX or SPY.
Key characteristics
| USBOX | SPY | |
|---|---|---|
| YTD Return | 18.98% | 19.22% |
| 1Y Return | 28.55% | 28.25% |
| 3Y Return (Ann) | 11.24% | 9.99% |
| 5Y Return (Ann) | 16.35% | 15.19% |
| 10Y Return (Ann) | 13.87% | 12.84% |
| Sharpe Ratio | 2.43 | 2.25 |
| Daily Std Dev | 11.78% | 12.59% |
| Max Drawdown | -71.83% | -55.19% |
| Current Drawdown | -0.32% | -0.32% |
Correlation
The correlation between USBOX and SPY is 0.92, 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
USBOX vs. SPY - Performance Comparison
The year-to-date returns for both investments are quite close, with USBOX having a 18.98% return and SPY slightly higher at 19.22%. Over the past 10 years, USBOX has outperformed SPY with an annualized return of 13.87%, while SPY has yielded a comparatively lower 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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USBOX vs. SPY - Expense Ratio Comparison
USBOX has a 1.16% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
USBOX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pear Tree Quality Fund (USBOX) 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
USBOX vs. SPY - Dividend Comparison
USBOX's dividend yield for the trailing twelve months is around 3.67%, more than SPY's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USBOX Pear Tree Quality Fund | 3.67% | 4.37% | 14.55% | 10.71% | 7.47% | 19.65% | 15.43% | 6.92% | 6.19% | 12.85% | 12.69% | 1.04% |
SPY 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
USBOX vs. SPY - Drawdown Comparison
The maximum USBOX drawdown since its inception was -71.83%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USBOX and SPY. For additional features, visit the drawdowns tool.
Volatility
USBOX vs. SPY - Volatility Comparison
The current volatility for Pear Tree Quality Fund (USBOX) is 3.20%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.94%. This indicates that USBOX 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.