ABEV vs. SPY
Compare and contrast key facts about Ambev S.A. (ABEV) 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: ABEV or SPY.
Correlation
The correlation between ABEV and SPY is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ABEV vs. SPY - Performance Comparison
Key characteristics
ABEV:
0.42
SPY:
0.70
ABEV:
0.81
SPY:
1.11
ABEV:
1.10
SPY:
1.17
ABEV:
0.17
SPY:
0.75
ABEV:
0.88
SPY:
2.96
ABEV:
13.66%
SPY:
4.74%
ABEV:
28.74%
SPY:
20.05%
ABEV:
-74.20%
SPY:
-55.19%
ABEV:
-58.50%
SPY:
-7.79%
Returns By Period
In the year-to-date period, ABEV achieves a 34.24% return, which is significantly higher than SPY's -3.56% return. Over the past 10 years, ABEV has underperformed SPY with an annualized return of -5.99%, while SPY has yielded a comparatively higher 12.25% annualized return.
ABEV
34.24%
6.49%
18.61%
7.87%
8.28%
-5.99%
SPY
-3.56%
11.52%
-0.47%
11.62%
16.42%
12.25%
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Risk-Adjusted Performance
ABEV vs. SPY — Risk-Adjusted Performance Rank
ABEV
SPY
ABEV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ambev S.A. (ABEV) 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
ABEV vs. SPY - Dividend Comparison
ABEV's dividend yield for the trailing twelve months is around 5.28%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEV Ambev S.A. | 5.28% | 5.84% | 5.25% | 5.37% | 4.39% | 2.68% | 2.51% | 3.80% | 2.57% | 3.75% | 5.09% | 5.31% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ABEV vs. SPY - Drawdown Comparison
The maximum ABEV drawdown since its inception was -74.20%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ABEV and SPY. For additional features, visit the drawdowns tool.
Volatility
ABEV vs. SPY - Volatility Comparison
The current volatility for Ambev S.A. (ABEV) is 11.43%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.12%. This indicates that ABEV 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.