ALTM vs. SPY
Compare and contrast key facts about Arcadium Lithium plc (ALTM) 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: ALTM or SPY.
Performance
ALTM vs. SPY - Performance Comparison
Returns By Period
ALTM
N/A
-4.69%
16.04%
N/A
N/A
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| ALTM | SPY | |
|---|---|---|
| Daily Std Dev | 79.83% | 12.14% |
| Max Drawdown | -68.21% | -55.19% |
| Current Drawdown | -25.74% | -0.85% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between ALTM and SPY is 0.33, 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
ALTM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arcadium Lithium plc (ALTM) 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.
Not enough dataDividends
ALTM vs. SPY - Dividend Comparison
ALTM has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTM Arcadium Lithium plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ALTM vs. SPY - Drawdown Comparison
The maximum ALTM drawdown since its inception was -68.21%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ALTM and SPY. For additional features, visit the drawdowns tool.
Volatility
ALTM vs. SPY - Volatility Comparison
The current volatility for Arcadium Lithium plc (ALTM) is 3.43%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that ALTM experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.