AAON vs. SPY
Compare and contrast key facts about AAON, Inc. (AAON) 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: AAON or SPY.
Correlation
The correlation between AAON and SPY is 0.37, 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
AAON vs. SPY - Performance Comparison
Key characteristics
AAON:
-0.17
SPY:
0.32
AAON:
0.11
SPY:
0.51
AAON:
1.02
SPY:
1.07
AAON:
-0.18
SPY:
0.39
AAON:
-0.49
SPY:
1.52
AAON:
17.76%
SPY:
3.13%
AAON:
51.20%
SPY:
14.74%
AAON:
-73.63%
SPY:
-55.19%
AAON:
-44.85%
SPY:
-12.17%
Returns By Period
In the year-to-date period, AAON achieves a -34.08% return, which is significantly lower than SPY's -8.15% return. Over the past 10 years, AAON has outperformed SPY with an annualized return of 18.02%, while SPY has yielded a comparatively lower 11.89% annualized return.
AAON
-34.08%
3.09%
-27.59%
-9.88%
21.70%
18.02%
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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Risk-Adjusted Performance
AAON vs. SPY — Risk-Adjusted Performance Rank
AAON
SPY
AAON vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAON, Inc. (AAON) 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
AAON vs. SPY - Dividend Comparison
AAON's dividend yield for the trailing twelve months is around 0.44%, less than SPY's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 0.44% | 0.27% | 0.43% | 0.57% | 0.48% | 0.57% | 0.65% | 0.91% | 0.71% | 0.73% | 0.95% | 0.79% |
SPY SPDR S&P 500 ETF | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AAON vs. SPY - Drawdown Comparison
The maximum AAON drawdown since its inception was -73.63%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AAON and SPY. For additional features, visit the drawdowns tool.
Volatility
AAON vs. SPY - Volatility Comparison
AAON, Inc. (AAON) has a higher volatility of 14.13% compared to SPDR S&P 500 ETF (SPY) at 7.47%. This indicates that AAON'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.