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.
Correlation
The correlation between ALTM and SPY is 0.31, 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
ALTM vs. SPY - Performance Comparison
Key characteristics
ALTM:
0.16
SPY:
1.88
ALTM:
0.96
SPY:
2.52
ALTM:
1.11
SPY:
1.34
ALTM:
0.18
SPY:
2.88
ALTM:
0.42
SPY:
11.98
ALTM:
28.86%
SPY:
2.02%
ALTM:
73.83%
SPY:
12.78%
ALTM:
-68.21%
SPY:
-55.19%
ALTM:
-19.27%
SPY:
-1.30%
Returns By Period
In the year-to-date period, ALTM achieves a 11.89% return, which is significantly higher than SPY's 2.69% return.
ALTM
11.89%
8.92%
100.70%
22.65%
N/A
N/A
SPY
2.69%
1.67%
13.66%
23.30%
14.62%
13.31%
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Risk-Adjusted Performance
ALTM vs. SPY — Risk-Adjusted Performance Rank
ALTM
SPY
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.
Dividends
ALTM vs. SPY - Dividend Comparison
ALTM has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
Arcadium Lithium plc (ALTM) has a higher volatility of 8.21% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that ALTM'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.