AGX vs. SPY
Compare and contrast key facts about Argan, Inc. (AGX) 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: AGX or SPY.
Performance
AGX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, AGX achieves a 219.71% return, which is significantly higher than SPY's 25.41% return. Over the past 10 years, AGX has outperformed SPY with an annualized return of 18.79%, while SPY has yielded a comparatively lower 13.07% annualized return.
AGX
219.71%
13.93%
118.40%
226.55%
35.83%
18.79%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| AGX | SPY | |
|---|---|---|
| Sharpe Ratio | 4.38 | 2.62 |
| Sortino Ratio | 5.19 | 3.50 |
| Omega Ratio | 1.77 | 1.49 |
| Calmar Ratio | 6.51 | 3.78 |
| Martin Ratio | 47.57 | 17.00 |
| Ulcer Index | 4.70% | 1.87% |
| Daily Std Dev | 51.01% | 12.14% |
| Max Drawdown | -94.35% | -55.19% |
| Current Drawdown | -6.95% | -1.38% |
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Correlation
The correlation between AGX and SPY is 0.24, 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.
Risk-Adjusted Performance
AGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Argan, Inc. (AGX) 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
AGX vs. SPY - Dividend Comparison
AGX's dividend yield for the trailing twelve months is around 0.87%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 0.87% | 2.24% | 2.71% | 1.94% | 4.50% | 2.49% | 1.98% | 2.22% | 1.42% | 2.16% | 2.08% | 2.72% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AGX vs. SPY - Drawdown Comparison
The maximum AGX drawdown since its inception was -94.35%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AGX and SPY. For additional features, visit the drawdowns tool.
Volatility
AGX vs. SPY - Volatility Comparison
Argan, Inc. (AGX) has a higher volatility of 18.53% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that AGX'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.