Correlation
The correlation between ADEA and SPY is 0.50, 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.
ADEA vs. SPY
Compare and contrast key facts about Adeia Inc (ADEA) 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: ADEA or SPY.
Performance
ADEA vs. SPY - Performance Comparison
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Key characteristics
ADEA:
0.21
SPY:
0.70
ADEA:
0.72
SPY:
1.02
ADEA:
1.10
SPY:
1.15
ADEA:
0.35
SPY:
0.68
ADEA:
0.88
SPY:
2.57
ADEA:
13.93%
SPY:
4.93%
ADEA:
49.27%
SPY:
20.42%
ADEA:
-80.98%
SPY:
-55.19%
ADEA:
-25.06%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ADEA achieves a -7.63% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, ADEA has underperformed SPY with an annualized return of 2.38%, while SPY has yielded a comparatively higher 12.73% annualized return.
ADEA
-7.63%
4.55%
6.54%
10.15%
23.85%
19.07%
2.38%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
ADEA vs. SPY — Risk-Adjusted Performance Rank
ADEA
SPY
ADEA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Adeia Inc (ADEA) 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
ADEA vs. SPY - Dividend Comparison
ADEA's dividend yield for the trailing twelve months is around 1.56%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADEA Adeia Inc | 1.56% | 1.43% | 1.61% | 2.11% | 2.44% | 5.51% | 9.96% | 10.02% | 6.16% | 4.17% | 6.14% | 2.58% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ADEA vs. SPY - Drawdown Comparison
The maximum ADEA drawdown since its inception was -80.98%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ADEA and SPY.
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Volatility
ADEA vs. SPY - Volatility Comparison
Adeia Inc (ADEA) has a higher volatility of 11.32% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that ADEA'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.
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