AFGC vs. SPY
AFGC (American Financial Group, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, AFGC returned -2.65%/yr vs 13.15%/yr for SPY. At a 0.31 correlation, their price movements are largely independent.
Performance
AFGC vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, AFGC achieves a -3.16% return, which is significantly lower than SPY's 11.30% return.
AFGC
- 1D
- -0.22%
- 1M
- -0.39%
- 6M
- -4.45%
- YTD
- -3.16%
- 1Y
- -1.26%
- 3Y*
- 0.84%
- 5Y*
- -2.65%
- 10Y*
- —
SPY
- 1D
- 0.43%
- 1M
- 2.04%
- 6M
- 9.35%
- YTD
- 11.30%
- 1Y
- 22.40%
- 3Y*
- 20.99%
- 5Y*
- 13.15%
- 10Y*
- 15.22%
AFGC vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AFGC American Financial Group, Inc. | -3.16% | 1.51% | -4.57% | 14.63% | -20.20% | 3.38% | -3.05% | 16.50% |
SPY State Street SPDR S&P 500 ETF | 11.30% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 4.49% |
Correlation
The correlation between AFGC and SPY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.31 |
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Return for Risk
AFGC vs. SPY — Risk / Return Rank
AFGC
SPY
AFGC vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Financial Group, Inc. (AFGC) and State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AFGC | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.32 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.48 | -2.72 |
| Martin ratioReturn relative to average drawdown | -0.40 | 10.83 | -11.23 |
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Drawdowns
AFGC vs. SPY - Drawdown Comparison
The maximum AFGC drawdown since its inception was -50.72%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AFGC and SPY.
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Drawdown Indicators
| AFGC | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.72% | -55.19% | +4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -8.88% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -18.76% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -28.43% | -24.50% | -3.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -14.28% | -0.35% | -13.93% |
Average DrawdownAverage peak-to-trough decline | -11.06% | -9.03% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 2.03% | +4.23% |
Volatility
AFGC vs. SPY - Volatility Comparison
The current volatility for American Financial Group, Inc. (AFGC) is 1.77%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 4.52%. This indicates that AFGC 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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Volatility by Period
| AFGC | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 4.52% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 9.98% | -4.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.68% | 12.55% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.05% | 17.16% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.75% | 17.92% | +5.83% |
Dividends
AFGC vs. SPY - Dividend Comparison
AFGC's dividend yield for the trailing twelve months is around 7.21%, more than SPY's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFGC American Financial Group, Inc. | 7.21% | 6.75% | 6.41% | 5.77% | 6.22% | 4.69% | 2.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
AFGC and SPY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPY has higher volatility (4.52%) compared to AFGC (1.77%). In terms of maximum drawdown, AFGC dropped -50.72% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.76 vs -0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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