WEIX vs. SPY
Compare and contrast key facts about Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX) and SPDR S&P 500 ETF (SPY).
WEIX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEIX is an actively managed fund by Dynamic Shares Trust. It was launched on Jan 13, 2022. 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: WEIX or SPY.
Key characteristics
| WEIX | SPY | |
|---|---|---|
| YTD Return | -2.74% | 27.16% |
| 1Y Return | 3.72% | 37.73% |
| Sharpe Ratio | 0.18 | 3.25 |
| Sortino Ratio | 0.38 | 4.32 |
| Omega Ratio | 1.10 | 1.61 |
| Calmar Ratio | 0.17 | 4.74 |
| Martin Ratio | 0.58 | 21.51 |
| Ulcer Index | 8.88% | 1.85% |
| Daily Std Dev | 28.93% | 12.20% |
| Max Drawdown | -30.55% | -55.19% |
| Current Drawdown | -12.53% | 0.00% |
Correlation
The correlation between WEIX and SPY is 0.71, 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
WEIX vs. SPY - Performance Comparison
In the year-to-date period, WEIX achieves a -2.74% return, which is significantly lower than SPY's 27.16% 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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WEIX vs. SPY - Expense Ratio Comparison
WEIX has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
WEIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX) 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
WEIX vs. SPY - Dividend Comparison
WEIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WEIX Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF | 0.00% | 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 | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
WEIX vs. SPY - Drawdown Comparison
The maximum WEIX drawdown since its inception was -30.55%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WEIX and SPY. For additional features, visit the drawdowns tool.
Volatility
WEIX vs. SPY - Volatility Comparison
Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX) has a higher volatility of 6.96% compared to SPDR S&P 500 ETF (SPY) at 3.92%. This indicates that WEIX'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.