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.
Key characteristics
| ALTR | SPYG | |
|---|---|---|
| YTD Return | 23.26% | 34.20% |
| 1Y Return | 40.24% | 40.68% |
| 3Y Return (Ann) | 9.91% | 7.92% |
| 5Y Return (Ann) | 29.22% | 17.76% |
| Sharpe Ratio | 1.14 | 2.41 |
| Sortino Ratio | 1.82 | 3.12 |
| Omega Ratio | 1.24 | 1.44 |
| Calmar Ratio | 2.12 | 2.98 |
| Martin Ratio | 5.25 | 12.72 |
| Ulcer Index | 7.52% | 3.20% |
| Daily Std Dev | 34.55% | 16.90% |
| Max Drawdown | -46.05% | -67.79% |
| Current Drawdown | -6.28% | -0.78% |
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
In the year-to-date period, ALTR achieves a 23.26% return, which is significantly lower than SPYG's 34.20% return. 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
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 0.65%.
| 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 | 0.65% | 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
Altair Engineering Inc. (ALTR) has a higher volatility of 13.32% compared to SPDR Portfolio S&P 500 Growth ETF (SPYG) at 5.06%. This indicates that ALTR's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.