ZVNBX vs. SPY
Compare and contrast key facts about Zevenbergen Growth Fund (ZVNBX) and State Street SPDR S&P 500 ETF (SPY).
ZVNBX is managed by Zevenbergen Capital Investments. It was launched on Aug 31, 2015. 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.
Performance
ZVNBX vs. SPY - Performance Comparison
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ZVNBX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZVNBX Zevenbergen Growth Fund | -14.20% | 9.93% | 34.10% | 63.92% | -54.79% | -9.19% | 123.87% | 37.73% | 5.88% | 33.71% |
SPY State Street SPDR S&P 500 ETF | -3.56% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, ZVNBX achieves a -14.20% return, which is significantly lower than SPY's -3.56% return. Both investments have delivered pretty close results over the past 10 years, with ZVNBX having a 14.54% annualized return and SPY not far behind at 14.11%.
ZVNBX
- 1D
- 1.00%
- 1M
- -6.13%
- YTD
- -14.20%
- 6M
- -17.09%
- 1Y
- 7.35%
- 3Y*
- 16.55%
- 5Y*
- -1.91%
- 10Y*
- 14.54%
SPY
- 1D
- 0.09%
- 1M
- -3.34%
- YTD
- -3.56%
- 6M
- -1.44%
- 1Y
- 17.51%
- 3Y*
- 18.37%
- 5Y*
- 11.88%
- 10Y*
- 14.11%
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ZVNBX vs. SPY - Expense Ratio Comparison
ZVNBX has a 1.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
ZVNBX vs. SPY — Risk / Return Rank
ZVNBX
SPY
ZVNBX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zevenbergen Growth Fund (ZVNBX) and State Street 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.
| ZVNBX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 0.92 | -0.61 |
Sortino ratioReturn per unit of downside risk | 0.67 | 1.45 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.22 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.51 | -1.11 |
Martin ratioReturn relative to average drawdown | 1.21 | 7.11 | -5.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZVNBX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.92 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.70 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.79 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.56 | -0.15 |
Correlation
The correlation between ZVNBX and SPY is 0.75, 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.
Dividends
ZVNBX vs. SPY - Dividend Comparison
ZVNBX's dividend yield for the trailing twelve months is around 1.47%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZVNBX Zevenbergen Growth Fund | 1.47% | 1.26% | 0.00% | 0.00% | 0.00% | 1.95% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
ZVNBX vs. SPY - Drawdown Comparison
The maximum ZVNBX drawdown since its inception was -66.30%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ZVNBX and SPY.
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Drawdown Indicators
| ZVNBX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.30% | -55.19% | -11.11% |
Max Drawdown (1Y)Largest decline over 1 year | -26.79% | -8.88% | -17.91% |
Max Drawdown (5Y)Largest decline over 5 years | -63.28% | -24.50% | -38.78% |
Max Drawdown (10Y)Largest decline over 10 years | -66.30% | -33.72% | -32.58% |
Current DrawdownCurrent decline from peak | -27.61% | -5.44% | -22.17% |
Average DrawdownAverage peak-to-trough decline | -19.85% | -9.09% | -10.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.97% | 2.57% | +6.40% |
Volatility
ZVNBX vs. SPY - Volatility Comparison
Zevenbergen Growth Fund (ZVNBX) has a higher volatility of 9.65% compared to State Street SPDR S&P 500 ETF (SPY) at 5.28%. This indicates that ZVNBX'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.
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Volatility by Period
| ZVNBX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 5.28% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 18.80% | 9.49% | +9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.73% | 19.06% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.77% | 17.05% | +18.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.31% | 17.92% | +14.39% |