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.
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.
Performance
AGX vs. SPY - Performance Comparison
Key characteristics
AGX:
4.07
SPY:
2.21
AGX:
5.31
SPY:
2.93
AGX:
1.71
SPY:
1.41
AGX:
6.64
SPY:
3.26
AGX:
41.12
SPY:
14.43
AGX:
5.00%
SPY:
1.90%
AGX:
50.53%
SPY:
12.41%
AGX:
-94.35%
SPY:
-55.19%
AGX:
-13.36%
SPY:
-2.74%
Returns By Period
In the year-to-date period, AGX achieves a 203.30% return, which is significantly higher than SPY's 25.54% return. Over the past 10 years, AGX has outperformed SPY with an annualized return of 17.53%, while SPY has yielded a comparatively lower 12.97% annualized return.
AGX
203.30%
-5.13%
85.94%
197.64%
31.30%
17.53%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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 0.92%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 0.92% | 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 | 0.86% | 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 12.11% compared to SPDR S&P 500 ETF (SPY) at 3.72%. 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.