APG vs. SPY

Last updated Jun 23, 2026

APG (APi Group Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, APG returned 24.74%/yr vs 13.51%/yr for SPY. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

APG vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in APi Group Corporation (APG) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APG achieves a 11.81% return, which is significantly higher than SPY's 9.74% return.

APG

• 1D: 0.56%
• 1M: 2.76%
• YTD: 11.81%
• 6M: 8.41%
• 1Y: 25.26%
• 3Y*: 36.13%
• 5Y*: 24.74%
• 10Y*: —

SPY

• 1D: -0.31%
• 1M: 0.09%
• YTD: 9.74%
• 6M: 9.27%
• 1Y: 26.65%
• 3Y*: 21.27%
• 5Y*: 13.51%
• 10Y*: 15.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

APG vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
APG APi Group Corporation	11.81%	59.55%	3.96%	83.94%	-27.01%	41.98%	79.17%
SPY State Street SPDR S&P 500 ETF	9.74%	17.72%	24.89%	26.18%	-18.18%	28.73%	32.52%

Correlation

The correlation between APG and SPY is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 29, 2020	0.60

The correlation between APG and SPY shifts across timeframes, from 0.54 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

APG vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APG

APG Risk / Return Rank: 68
APG Sharpe Ratio Rank: 70
APG Sortino Ratio Rank: 65
APG Omega Ratio Rank: 62
APG Calmar Ratio Rank: 69
APG Martin Ratio Rank: 72

SPY

SPY Risk / Return Rank: 68
SPY Sharpe Ratio Rank: 69
SPY Sortino Ratio Rank: 66
SPY Omega Ratio Rank: 68
SPY Calmar Ratio Rank: 63
SPY Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APG vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for APi Group Corporation (APG) and State Street 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	APG	SPY	Difference
Sharpe ratio: Return per unit of total volatility	0.89	2.16	-1.26
Sortino ratio: Return per unit of downside risk	1.42	2.91	-1.49
Omega ratio: Gain probability vs. loss probability	1.17	1.39	-0.22
Calmar ratio: Return relative to maximum drawdown	1.42	3.01	-1.59
Martin ratio: Return relative to average drawdown	3.99	13.54	-9.54

APG vs. SPY - Sharpe Ratio Comparison

The current APG Sharpe Ratio is 0.89, which is lower than the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of APG and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APG vs. SPY - Drawdown Comparison

The maximum APG drawdown since its inception was -49.62%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for APG and SPY.

Drawdown Indicators

	APG	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-49.62%	-55.19%	+5.57%
Max Drawdown (1Y) Largest decline over 1 year	-17.83%	-8.88%	-8.95%
Max Drawdown (3Y) Largest decline over 3 years	-21.23%	-18.76%	-2.47%
Max Drawdown (5Y) Largest decline over 5 years	-49.62%	-24.50%	-25.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-13.40%	-1.75%	-11.65%
Average Drawdown Average peak-to-trough decline	-10.35%	-9.04%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.34%	1.97%	+4.37%

Volatility

APG vs. SPY - Volatility Comparison

APi Group Corporation (APG) has a higher volatility of 9.48% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that APG'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.

Volatility by Period

	APG	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.48%	4.64%	+4.84%
Volatility (6M) Calculated over the trailing 6-month period	22.25%	9.75%	+12.50%
Volatility (1Y) Calculated over the trailing 1-year period	28.48%	12.43%	+16.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.65%	17.14%	+15.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.13%	17.99%	+15.14%

Dividends

APG vs. SPY - Dividend Comparison

APG has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APG APi Group Corporation	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 State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both APG and SPY in my portfolio?

APG and SPY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APG or SPY?

APG has higher volatility (9.48%) compared to SPY (4.64%). In terms of maximum drawdown, APG dropped -49.62% vs SPY's -55.19%.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.16 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.