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:
1.84
SPY:
2.17
AAON:
2.43
SPY:
2.88
AAON:
1.35
SPY:
1.41
AAON:
3.09
SPY:
3.19
AAON:
8.40
SPY:
14.10
AAON:
8.76%
SPY:
1.90%
AAON:
39.95%
SPY:
12.39%
AAON:
-73.64%
SPY:
-55.19%
AAON:
-11.76%
SPY:
-3.19%
Returns By Period
In the year-to-date period, AAON achieves a 68.64% return, which is significantly higher than SPY's 24.97% return. Over the past 10 years, AAON has outperformed SPY with an annualized return of 24.60%, while SPY has yielded a comparatively lower 12.92% annualized return.
AAON
68.64%
-5.94%
56.81%
72.09%
30.91%
24.60%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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Risk-Adjusted Performance
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 0.26%, less than SPY's 0.87% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
AAON, Inc. | 0.26% | 0.43% | 0.57% | 0.48% | 0.57% | 0.65% | 0.91% | 0.71% | 0.73% | 0.95% | 0.79% | 0.52% |
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
AAON vs. SPY - Drawdown Comparison
The maximum AAON drawdown since its inception was -73.64%, 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 11.81% compared to SPDR S&P 500 ETF (SPY) at 3.64%. 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.