WFRPX vs. SPY
Compare and contrast key facts about Wealthfront Risk Parity Fund Class W (WFRPX) and SPDR S&P 500 ETF (SPY).
WFRPX is managed by Wealthfront. It was launched on Jan 22, 2018. 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: WFRPX or SPY.
Correlation
The correlation between WFRPX 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
WFRPX vs. SPY - Performance Comparison
Key characteristics
Returns By Period
WFRPX
N/A
N/A
N/A
N/A
N/A
N/A
SPY
-3.39%
-3.01%
-0.13%
10.19%
19.68%
12.54%
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WFRPX vs. SPY - Expense Ratio Comparison
WFRPX has a 0.25% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
WFRPX vs. SPY — Risk-Adjusted Performance Rank
WFRPX
SPY
WFRPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wealthfront Risk Parity Fund Class W (WFRPX) 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
WFRPX vs. SPY - Dividend Comparison
WFRPX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WFRPX Wealthfront Risk Parity Fund Class W | 5.20% | 5.18% | 4.86% | 1.31% | 0.00% | 0.29% | 1.57% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
WFRPX vs. SPY - Drawdown Comparison
Volatility
WFRPX vs. SPY - Volatility Comparison
The current volatility for Wealthfront Risk Parity Fund Class W (WFRPX) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.76%. This indicates that WFRPX 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.