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 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
ABEV vs. SPY - Performance Comparison
Key characteristics
ABEV:
-0.79
SPY:
1.88
ABEV:
-1.00
SPY:
2.53
ABEV:
0.88
SPY:
1.35
ABEV:
-0.30
SPY:
2.83
ABEV:
-1.15
SPY:
11.74
ABEV:
18.10%
SPY:
2.02%
ABEV:
26.34%
SPY:
12.64%
ABEV:
-74.20%
SPY:
-55.19%
ABEV:
-68.01%
SPY:
-0.42%
Returns By Period
In the year-to-date period, ABEV achieves a 3.24% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, ABEV has underperformed SPY with an annualized return of -8.04%, while SPY has yielded a comparatively higher 13.18% annualized return.
ABEV
3.24%
4.95%
-13.27%
-22.28%
-8.12%
-8.04%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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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 5.68%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEV Ambev S.A. | 5.68% | 5.86% | 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 | 1.16% | 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
Ambev S.A. (ABEV) has a higher volatility of 5.43% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that ABEV'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.