^DVG vs. SPY
Compare and contrast key facts about NASDAQ US Dividend Achievers Select Index (^DVG) 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: ^DVG or SPY.
Key characteristics
| ^DVG | SPY | |
|---|---|---|
| YTD Return | 16.49% | 20.68% |
| 1Y Return | 26.13% | 33.51% |
| 3Y Return (Ann) | 8.39% | 11.08% |
| 5Y Return (Ann) | 10.71% | 15.56% |
| 10Y Return (Ann) | 9.90% | 13.12% |
| Sharpe Ratio | 2.80 | 2.47 |
| Daily Std Dev | 10.10% | 12.66% |
| Max Drawdown | -48.54% | -55.19% |
| Current Drawdown | -0.08% | -0.17% |
Correlation
The correlation between ^DVG and SPY is 0.93, 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
^DVG vs. SPY - Performance Comparison
In the year-to-date period, ^DVG achieves a 16.49% return, which is significantly lower than SPY's 20.68% return. Over the past 10 years, ^DVG has underperformed SPY with an annualized return of 9.90%, while SPY has yielded a comparatively higher 13.12% annualized 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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Risk-Adjusted Performance
^DVG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ US Dividend Achievers Select Index (^DVG) 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.
Drawdowns
^DVG vs. SPY - Drawdown Comparison
The maximum ^DVG drawdown since its inception was -48.54%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^DVG and SPY. For additional features, visit the drawdowns tool.
Volatility
^DVG vs. SPY - Volatility Comparison
The current volatility for NASDAQ US Dividend Achievers Select Index (^DVG) is 3.10%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.19%. This indicates that ^DVG 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.