AHT.L vs. SPY
Compare and contrast key facts about Ashtead Group plc (AHT.L) 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: AHT.L or SPY.
Key characteristics
AHT.L | SPY | |
---|---|---|
YTD Return | 11.78% | 11.81% |
1Y Return | 31.07% | 31.01% |
3Y Return (Ann) | 8.43% | 9.97% |
5Y Return (Ann) | 26.22% | 15.01% |
10Y Return (Ann) | 24.41% | 12.94% |
Sharpe Ratio | 0.98 | 2.61 |
Daily Std Dev | 29.76% | 11.55% |
Max Drawdown | -98.94% | -55.19% |
Current Drawdown | -2.02% | 0.00% |
Correlation
The correlation between AHT.L 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
AHT.L vs. SPY - Performance Comparison
The year-to-date returns for both investments are quite close, with AHT.L having a 11.78% return and SPY slightly higher at 11.81%. Over the past 10 years, AHT.L has outperformed SPY with an annualized return of 24.41%, while SPY has yielded a comparatively lower 12.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AHT.L vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashtead Group plc (AHT.L) 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
AHT.L vs. SPY - Dividend Comparison
AHT.L's dividend yield for the trailing twelve months is around 0.02%, less than SPY's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Ashtead Group plc | 0.02% | 0.02% | 0.02% | 0.01% | 0.01% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AHT.L vs. SPY - Drawdown Comparison
The maximum AHT.L drawdown since its inception was -98.94%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AHT.L and SPY. For additional features, visit the drawdowns tool.
Volatility
AHT.L vs. SPY - Volatility Comparison
Ashtead Group plc (AHT.L) has a higher volatility of 9.03% compared to SPDR S&P 500 ETF (SPY) at 3.48%. This indicates that AHT.L'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.