AME vs. SPY
Compare and contrast key facts about AMETEK, Inc. (AME) 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: AME or SPY.
Correlation
The correlation between AME and SPY is 0.55, 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
AME vs. SPY - Performance Comparison
Key characteristics
AME:
0.43
SPY:
1.87
AME:
0.72
SPY:
2.52
AME:
1.11
SPY:
1.35
AME:
0.54
SPY:
2.81
AME:
1.28
SPY:
11.69
AME:
7.34%
SPY:
2.02%
AME:
21.80%
SPY:
12.65%
AME:
-53.31%
SPY:
-55.19%
AME:
-4.18%
SPY:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with AME having a 4.77% return and SPY slightly lower at 4.58%. Over the past 10 years, AME has outperformed SPY with an annualized return of 14.65%, while SPY has yielded a comparatively lower 13.23% annualized return.
AME
4.77%
4.50%
14.20%
8.72%
14.54%
14.65%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
AME vs. SPY — Risk-Adjusted Performance Rank
AME
SPY
AME vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AMETEK, Inc. (AME) 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
AME vs. SPY - Dividend Comparison
AME's dividend yield for the trailing twelve months is around 0.59%, less than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AME AMETEK, Inc. | 0.59% | 0.62% | 0.61% | 0.63% | 0.54% | 0.60% | 0.56% | 0.83% | 0.50% | 0.74% | 0.67% | 0.63% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AME vs. SPY - Drawdown Comparison
The maximum AME drawdown since its inception was -53.31%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AME and SPY. For additional features, visit the drawdowns tool.
Volatility
AME vs. SPY - Volatility Comparison
AMETEK, Inc. (AME) has a higher volatility of 5.91% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that AME'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.