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.
Performance
AAON vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, AAON achieves a 86.59% return, which is significantly higher than SPY's 26.08% return. Over the past 10 years, AAON has outperformed SPY with an annualized return of 26.54%, while SPY has yielded a comparatively lower 13.10% annualized return.
AAON
86.59%
28.56%
75.95%
117.20%
34.48%
26.54%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| AAON | SPY | |
|---|---|---|
| Sharpe Ratio | 3.00 | 2.70 |
| Sortino Ratio | 3.52 | 3.60 |
| Omega Ratio | 1.53 | 1.50 |
| Calmar Ratio | 4.93 | 3.90 |
| Martin Ratio | 13.70 | 17.52 |
| Ulcer Index | 8.56% | 1.87% |
| Daily Std Dev | 39.09% | 12.14% |
| Max Drawdown | -73.63% | -55.19% |
| Current Drawdown | -2.37% | -0.85% |
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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.
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 0.23%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 0.23% | 0.43% | 0.57% | 0.48% | 0.57% | 0.65% | 0.91% | 0.71% | 0.73% | 0.95% | 0.79% | 0.52% |
SPY SPDR S&P 500 ETF | 1.18% | 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 -73.63%, 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 19.72% compared to SPDR S&P 500 ETF (SPY) at 3.98%. 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.