Correlation
The correlation between 1QZ.DE and SPY is 0.35, 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.
1QZ.DE vs. SPY
Compare and contrast key facts about Coinbase Global Inc (1QZ.DE) 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: 1QZ.DE or SPY.
Performance
1QZ.DE vs. SPY - Performance Comparison
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Key characteristics
1QZ.DE:
0.00
SPY:
0.70
1QZ.DE:
0.66
SPY:
1.02
1QZ.DE:
1.08
SPY:
1.15
1QZ.DE:
0.09
SPY:
0.68
1QZ.DE:
0.17
SPY:
2.57
1QZ.DE:
28.50%
SPY:
4.93%
1QZ.DE:
72.39%
SPY:
20.42%
1QZ.DE:
-90.24%
SPY:
-55.19%
1QZ.DE:
-30.59%
SPY:
-3.55%
Returns By Period
In the year-to-date period, 1QZ.DE achieves a -12.31% return, which is significantly lower than SPY's 0.87% return.
1QZ.DE
-12.31%
23.42%
-25.53%
0.05%
44.38%
N/A
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
1QZ.DE vs. SPY — Risk-Adjusted Performance Rank
1QZ.DE
SPY
1QZ.DE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global Inc (1QZ.DE) 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.
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Dividends
1QZ.DE vs. SPY - Dividend Comparison
1QZ.DE has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
1QZ.DE Coinbase Global Inc | 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 | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
1QZ.DE vs. SPY - Drawdown Comparison
The maximum 1QZ.DE drawdown since its inception was -90.24%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for 1QZ.DE and SPY.
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Volatility
1QZ.DE vs. SPY - Volatility Comparison
Coinbase Global Inc (1QZ.DE) has a higher volatility of 20.16% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that 1QZ.DE'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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