2M6.DE vs. SPY
Compare and contrast key facts about Medtronic plc (2M6.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: 2M6.DE or SPY.
Correlation
The correlation between 2M6.DE and SPY is 0.17, 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.
Performance
2M6.DE vs. SPY - Performance Comparison
Key characteristics
2M6.DE:
0.40
SPY:
2.03
2M6.DE:
0.71
SPY:
2.71
2M6.DE:
1.08
SPY:
1.38
2M6.DE:
0.22
SPY:
3.02
2M6.DE:
1.31
SPY:
13.49
2M6.DE:
5.29%
SPY:
1.88%
2M6.DE:
17.29%
SPY:
12.48%
2M6.DE:
-71.02%
SPY:
-55.19%
2M6.DE:
-24.29%
SPY:
-3.54%
Returns By Period
In the year-to-date period, 2M6.DE achieves a 6.77% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, 2M6.DE has underperformed SPY with an annualized return of 5.50%, while SPY has yielded a comparatively higher 12.94% annualized return.
2M6.DE
6.77%
-6.98%
6.86%
6.11%
-2.31%
5.50%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
2M6.DE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (2M6.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.
Dividends
2M6.DE vs. SPY - Dividend Comparison
2M6.DE's dividend yield for the trailing twelve months is around 2.94%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2M6.DE Medtronic plc | 2.94% | 4.00% | 3.86% | 3.13% | 2.80% | 3.48% | 2.93% | 2.83% | 2.68% | 2.26% | 2.57% | 0.81% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
2M6.DE vs. SPY - Drawdown Comparison
The maximum 2M6.DE drawdown since its inception was -71.02%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for 2M6.DE and SPY. For additional features, visit the drawdowns tool.
Volatility
2M6.DE vs. SPY - Volatility Comparison
The current volatility for Medtronic plc (2M6.DE) is 3.42%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.61%. This indicates that 2M6.DE 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.