USRAX vs. SPY
Compare and contrast key facts about Horizon U.S. Defensive Equity Fund (USRAX) and SPDR S&P 500 ETF (SPY).
USRAX is managed by Horizon Investments. It was launched on Jun 26, 2019. 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: USRAX or SPY.
Correlation
The correlation between USRAX and SPY is 0.93, 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
USRAX vs. SPY - Performance Comparison
Key characteristics
USRAX:
0.52
SPY:
1.88
USRAX:
0.71
SPY:
2.53
USRAX:
1.12
SPY:
1.35
USRAX:
0.48
SPY:
2.83
USRAX:
1.53
SPY:
11.74
USRAX:
4.54%
SPY:
2.02%
USRAX:
13.45%
SPY:
12.64%
USRAX:
-34.71%
SPY:
-55.19%
USRAX:
-7.78%
SPY:
-0.42%
Returns By Period
In the year-to-date period, USRAX achieves a 4.83% return, which is significantly higher than SPY's 4.15% return.
USRAX
4.83%
2.29%
-1.25%
7.07%
3.85%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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USRAX vs. SPY - Expense Ratio Comparison
USRAX has a 1.17% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
USRAX vs. SPY — Risk-Adjusted Performance Rank
USRAX
SPY
USRAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon U.S. Defensive Equity Fund (USRAX) 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
USRAX vs. SPY - Dividend Comparison
USRAX's dividend yield for the trailing twelve months is around 0.35%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USRAX Horizon U.S. Defensive Equity Fund | 0.35% | 0.37% | 0.49% | 0.80% | 0.63% | 0.30% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
USRAX vs. SPY - Drawdown Comparison
The maximum USRAX drawdown since its inception was -34.71%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USRAX and SPY. For additional features, visit the drawdowns tool.
Volatility
USRAX vs. SPY - Volatility Comparison
The current volatility for Horizon U.S. Defensive Equity Fund (USRAX) is 2.69%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that USRAX 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.