WHF vs. SPY
Compare and contrast key facts about WhiteHorse Finance, Inc. (WHF) and SPDR S&P 500 ETF (SPY).
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: WHF or SPY.
Performance
WHF vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, WHF achieves a -4.15% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, WHF has underperformed SPY with an annualized return of 10.91%, while SPY has yielded a comparatively higher 13.07% annualized return.
WHF
-4.15%
-9.75%
-13.31%
-1.88%
6.44%
10.91%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| WHF | SPY | |
|---|---|---|
| Sharpe Ratio | -0.21 | 2.69 |
| Sortino Ratio | -0.17 | 3.59 |
| Omega Ratio | 0.98 | 1.50 |
| Calmar Ratio | -0.27 | 3.89 |
| Martin Ratio | -0.73 | 17.53 |
| Ulcer Index | 5.02% | 1.87% |
| Daily Std Dev | 17.50% | 12.15% |
| Max Drawdown | -57.48% | -55.19% |
| Current Drawdown | -13.71% | -1.41% |
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Correlation
The correlation between WHF and SPY is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
WHF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WhiteHorse Finance, Inc. (WHF) 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
WHF vs. SPY - Dividend Comparison
WHF's dividend yield for the trailing twelve months is around 16.95%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WHF WhiteHorse Finance, Inc. | 16.95% | 12.60% | 11.26% | 10.03% | 11.35% | 11.79% | 11.16% | 13.23% | 11.67% | 12.37% | 12.29% | 9.40% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
WHF vs. SPY - Drawdown Comparison
The maximum WHF drawdown since its inception was -57.48%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WHF and SPY. For additional features, visit the drawdowns tool.
Volatility
WHF vs. SPY - Volatility Comparison
WhiteHorse Finance, Inc. (WHF) has a higher volatility of 6.80% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that WHF'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.