ABBN.SW vs. SPY
Compare and contrast key facts about ABB Ltd (ABBN.SW) 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: ABBN.SW or SPY.
Key characteristics
| ABBN.SW | SPY | |
|---|---|---|
| YTD Return | 22.84% | 5.60% |
| 1Y Return | 43.51% | 23.55% |
| 3Y Return (Ann) | 19.10% | 7.83% |
| 5Y Return (Ann) | 22.24% | 13.05% |
| 10Y Return (Ann) | 12.32% | 12.30% |
| Sharpe Ratio | 2.24 | 1.91 |
| Daily Std Dev | 19.08% | 11.63% |
| Max Drawdown | -96.88% | -55.19% |
| Current Drawdown | -0.93% | -4.36% |
Correlation
The correlation between ABBN.SW and SPY is 0.30, 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
ABBN.SW vs. SPY - Performance Comparison
In the year-to-date period, ABBN.SW achieves a 22.84% return, which is significantly higher than SPY's 5.60% return. Both investments have delivered pretty close results over the past 10 years, with ABBN.SW having a 12.32% annualized return and SPY not far behind at 12.30%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ABBN.SW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ABB Ltd (ABBN.SW) 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
ABBN.SW vs. SPY - Dividend Comparison
ABBN.SW's dividend yield for the trailing twelve months is around 1.94%, more than SPY's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABBN.SW ABB Ltd | 1.94% | 2.25% | 2.92% | 2.38% | 3.35% | 3.55% | 4.32% | 3.01% | 3.57% | 4.15% | 3.43% | 3.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ABBN.SW vs. SPY - Drawdown Comparison
The maximum ABBN.SW drawdown since its inception was -96.88%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ABBN.SW and SPY. For additional features, visit the drawdowns tool.
Volatility
ABBN.SW vs. SPY - Volatility Comparison
ABB Ltd (ABBN.SW) has a higher volatility of 7.52% compared to SPDR S&P 500 ETF (SPY) at 3.88%. This indicates that ABBN.SW'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.