VMAX vs. SPY
Compare and contrast key facts about Hartford US Value ETF (VMAX) and SPDR S&P 500 ETF (SPY).
VMAX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VMAX is an actively managed fund by Hartford. It was launched on Dec 5, 2023. 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: VMAX or SPY.
Key characteristics
| VMAX | SPY | |
|---|---|---|
| YTD Return | 16.04% | 18.86% |
| 1Y Return | 164.60% | 28.13% |
| 3Y Return (Ann) | 247.20% | 9.87% |
| 5Y Return (Ann) | 247.20% | 15.23% |
| Sharpe Ratio | 1.12 | 2.21 |
| Daily Std Dev | 128.48% | 12.60% |
| Max Drawdown | -95.29% | -55.19% |
| Current Drawdown | -79.03% | -0.61% |
Correlation
The correlation between VMAX and SPY is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VMAX vs. SPY - Performance Comparison
In the year-to-date period, VMAX achieves a 16.04% return, which is significantly lower than SPY's 18.86% 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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VMAX vs. SPY - Expense Ratio Comparison
VMAX has a 0.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
VMAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford US Value ETF (VMAX) 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
VMAX vs. SPY - Dividend Comparison
VMAX's dividend yield for the trailing twelve months is around 0.88%, less than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMAX Hartford US Value ETF | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VMAX vs. SPY - Drawdown Comparison
The maximum VMAX drawdown since its inception was -95.29%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VMAX and SPY. For additional features, visit the drawdowns tool.
Volatility
VMAX vs. SPY - Volatility Comparison
Hartford US Value ETF (VMAX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.83% and 3.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.