VEGA vs. SPY
Compare and contrast key facts about AdvisorShares STAR Global Buy-Write ETF (VEGA) and SPDR S&P 500 ETF (SPY).
VEGA and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEGA is an actively managed fund by AdvisorShares. It was launched on Sep 17, 2012. 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: VEGA or SPY.
Key characteristics
| VEGA | SPY | |
|---|---|---|
| YTD Return | 3.69% | 7.90% |
| 1Y Return | 13.05% | 28.03% |
| 3Y Return (Ann) | 2.71% | 8.75% |
| 5Y Return (Ann) | 5.96% | 13.52% |
| 10Y Return (Ann) | 6.52% | 12.62% |
| Sharpe Ratio | 1.37 | 2.33 |
| Daily Std Dev | 9.38% | 11.63% |
| Max Drawdown | -28.39% | -55.19% |
| Current Drawdown | -1.80% | -2.27% |
Correlation
The correlation between VEGA and SPY is 0.67, 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.
Performance
VEGA vs. SPY - Performance Comparison
In the year-to-date period, VEGA achieves a 3.69% return, which is significantly lower than SPY's 7.90% return. Over the past 10 years, VEGA has underperformed SPY with an annualized return of 6.52%, while SPY has yielded a comparatively higher 12.62% 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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VEGA vs. SPY - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
VEGA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) 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
VEGA vs. SPY - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.08%, less than SPY's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.08% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VEGA vs. SPY - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.39%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VEGA and SPY. For additional features, visit the drawdowns tool.
Volatility
VEGA vs. SPY - Volatility Comparison
The current volatility for AdvisorShares STAR Global Buy-Write ETF (VEGA) is 3.40%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that VEGA 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.