AI.PA vs. SPY
Compare and contrast key facts about L'Air Liquide S.A. (AI.PA) 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: AI.PA or SPY.
Key characteristics
| AI.PA | SPY | |
|---|---|---|
| YTD Return | 10.38% | 24.15% |
| 1Y Return | 23.79% | 38.94% |
| 3Y Return (Ann) | 15.40% | 10.71% |
| 5Y Return (Ann) | 14.23% | 16.24% |
| 10Y Return (Ann) | 13.08% | 13.67% |
| Sharpe Ratio | 1.50 | 3.06 |
| Sortino Ratio | 2.25 | 4.07 |
| Omega Ratio | 1.28 | 1.56 |
| Calmar Ratio | 3.03 | 3.23 |
| Martin Ratio | 6.44 | 20.13 |
| Ulcer Index | 4.10% | 1.87% |
| Daily Std Dev | 17.70% | 12.32% |
| Max Drawdown | -39.43% | -55.19% |
| Current Drawdown | -1.42% | 0.00% |
Correlation
The correlation between AI.PA and SPY is 0.32, 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
AI.PA vs. SPY - Performance Comparison
In the year-to-date period, AI.PA achieves a 10.38% return, which is significantly lower than SPY's 24.15% return. Both investments have delivered pretty close results over the past 10 years, with AI.PA having a 13.08% annualized return and SPY not far ahead at 13.67%. 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
AI.PA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L'Air Liquide S.A. (AI.PA) 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
AI.PA vs. SPY - Dividend Comparison
AI.PA's dividend yield for the trailing twelve months is around 1.67%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AI.PA L'Air Liquide S.A. | 1.67% | 1.67% | 1.99% | 1.79% | 2.01% | 1.91% | 2.44% | 2.25% | 2.40% | 2.46% | 2.25% | 2.43% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AI.PA vs. SPY - Drawdown Comparison
The maximum AI.PA drawdown since its inception was -39.43%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AI.PA and SPY. For additional features, visit the drawdowns tool.
Volatility
AI.PA vs. SPY - Volatility Comparison
L'Air Liquide S.A. (AI.PA) has a higher volatility of 5.50% compared to SPDR S&P 500 ETF (SPY) at 2.52%. This indicates that AI.PA'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.