AIT vs. SPY
Compare and contrast key facts about Applied Industrial Technologies, Inc. (AIT) 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: AIT or SPY.
Performance
AIT vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, AIT achieves a 57.02% return, which is significantly higher than SPY's 26.08% return. Over the past 10 years, AIT has outperformed SPY with an annualized return of 20.83%, while SPY has yielded a comparatively lower 13.10% annualized return.
AIT
57.02%
19.17%
38.12%
67.51%
35.32%
20.83%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| AIT | SPY | |
|---|---|---|
| Sharpe Ratio | 2.46 | 2.70 |
| Sortino Ratio | 3.44 | 3.60 |
| Omega Ratio | 1.44 | 1.50 |
| Calmar Ratio | 5.86 | 3.90 |
| Martin Ratio | 14.95 | 17.52 |
| Ulcer Index | 4.60% | 1.87% |
| Daily Std Dev | 27.97% | 12.14% |
| Max Drawdown | -66.46% | -55.19% |
| Current Drawdown | -2.04% | -0.85% |
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Correlation
The correlation between AIT and SPY is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AIT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Industrial Technologies, Inc. (AIT) 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
AIT vs. SPY - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.55%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.55% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% | 2.19% | 1.87% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AIT vs. SPY - Drawdown Comparison
The maximum AIT drawdown since its inception was -66.46%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AIT and SPY. For additional features, visit the drawdowns tool.
Volatility
AIT vs. SPY - Volatility Comparison
Applied Industrial Technologies, Inc. (AIT) has a higher volatility of 13.93% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that AIT'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.