ALTR vs. SPYG
Compare and contrast key facts about Altair Engineering Inc. (ALTR) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALTR or SPYG.
Correlation
The correlation between ALTR and SPYG is 0.59, 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.
Performance
ALTR vs. SPYG - Performance Comparison
Key characteristics
ALTR:
1.37
SPYG:
2.25
ALTR:
2.08
SPYG:
2.89
ALTR:
1.28
SPYG:
1.41
ALTR:
2.51
SPYG:
3.08
ALTR:
6.15
SPYG:
12.14
ALTR:
7.61%
SPYG:
3.24%
ALTR:
34.20%
SPYG:
17.49%
ALTR:
-46.05%
SPYG:
-67.79%
ALTR:
-1.51%
SPYG:
-2.45%
Returns By Period
In the year-to-date period, ALTR achieves a 29.53% return, which is significantly lower than SPYG's 37.65% return.
ALTR
29.53%
4.44%
14.47%
45.90%
24.60%
N/A
SPYG
37.65%
3.29%
11.66%
37.77%
17.47%
15.23%
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Risk-Adjusted Performance
ALTR vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Altair Engineering Inc. (ALTR) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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
ALTR vs. SPYG - Dividend Comparison
ALTR has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.40%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTR Altair Engineering Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.40% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
ALTR vs. SPYG - Drawdown Comparison
The maximum ALTR drawdown since its inception was -46.05%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for ALTR and SPYG. For additional features, visit the drawdowns tool.
Volatility
ALTR vs. SPYG - Volatility Comparison
The current volatility for Altair Engineering Inc. (ALTR) is 3.01%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 4.80%. This indicates that ALTR experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.