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 0.34, 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
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Key characteristics
ABEV:
0.62
SPY:
0.57
ABEV:
0.98
SPY:
0.93
ABEV:
1.12
SPY:
1.14
ABEV:
0.22
SPY:
0.61
ABEV:
1.21
SPY:
2.33
ABEV:
12.66%
SPY:
4.90%
ABEV:
28.22%
SPY:
20.34%
ABEV:
-73.73%
SPY:
-55.19%
ABEV:
-56.56%
SPY:
-4.58%
Returns By Period
In the year-to-date period, ABEV achieves a 38.15% return, which is significantly higher than SPY's -0.21% return. Over the past 10 years, ABEV has underperformed SPY with an annualized return of -4.80%, while SPY has yielded a comparatively higher 12.52% annualized return.
ABEV
38.15%
4.19%
25.45%
17.27%
1.06%
8.43%
-4.80%
SPY
-0.21%
10.59%
-1.16%
11.45%
15.35%
16.25%
12.52%
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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.
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Dividends
ABEV vs. SPY - Dividend Comparison
ABEV's dividend yield for the trailing twelve months is around 6.05%, more than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEV Ambev S.A. | 6.05% | 5.84% | 5.25% | 5.37% | 4.39% | 2.58% | 2.51% | 3.80% | 2.57% | 3.75% | 5.09% | 5.31% |
SPY SPDR S&P 500 ETF | 1.23% | 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 -73.73%, 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.
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Volatility
ABEV vs. SPY - Volatility Comparison
The current volatility for Ambev S.A. (ABEV) is 4.16%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.68%. 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.
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