APA vs. SPY
Compare and contrast key facts about Apache Corporation (APA) 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: APA or SPY.
Key characteristics
| APA | SPY | |
|---|---|---|
| YTD Return | -8.00% | 7.26% |
| 1Y Return | -6.27% | 25.03% |
| 3Y Return (Ann) | 21.98% | 8.37% |
| 5Y Return (Ann) | 1.67% | 13.44% |
| 10Y Return (Ann) | -7.63% | 12.49% |
| Sharpe Ratio | -0.17 | 2.35 |
| Daily Std Dev | 33.17% | 11.68% |
| Max Drawdown | -96.73% | -55.19% |
| Current Drawdown | -71.67% | -2.85% |
Correlation
The correlation between APA and SPY is 0.40, 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
APA vs. SPY - Performance Comparison
In the year-to-date period, APA achieves a -8.00% return, which is significantly lower than SPY's 7.26% return. Over the past 10 years, APA has underperformed SPY with an annualized return of -7.63%, while SPY has yielded a comparatively higher 12.49% annualized 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
APA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Apache Corporation (APA) 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
APA vs. SPY - Dividend Comparison
APA's dividend yield for the trailing twelve months is around 3.08%, more than SPY's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APA Apache Corporation | 3.08% | 2.79% | 1.34% | 0.51% | 2.29% | 3.91% | 3.81% | 2.37% | 1.58% | 2.25% | 1.52% | 0.90% |
SPY SPDR S&P 500 ETF | 1.32% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
APA vs. SPY - Drawdown Comparison
The maximum APA drawdown since its inception was -96.73%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for APA and SPY. For additional features, visit the drawdowns tool.
Volatility
APA vs. SPY - Volatility Comparison
Apache Corporation (APA) has a higher volatility of 6.19% compared to SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that APA'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.