ARLP vs. SPY
Compare and contrast key facts about Alliance Resource Partners, L.P. (ARLP) 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: ARLP or SPY.
Key characteristics
| ARLP | SPY | |
|---|---|---|
| YTD Return | 3.27% | 7.26% |
| 1Y Return | 16.40% | 25.03% |
| 3Y Return (Ann) | 67.31% | 8.37% |
| 5Y Return (Ann) | 10.97% | 13.44% |
| 10Y Return (Ann) | 1.37% | 12.49% |
| Sharpe Ratio | 0.69 | 2.35 |
| Daily Std Dev | 25.03% | 11.68% |
| Max Drawdown | -90.52% | -55.19% |
| Current Drawdown | -6.59% | -2.85% |
Correlation
The correlation between ARLP and SPY is 0.30, 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
ARLP vs. SPY - Performance Comparison
In the year-to-date period, ARLP achieves a 3.27% return, which is significantly lower than SPY's 7.26% return. Over the past 10 years, ARLP has underperformed SPY with an annualized return of 1.37%, 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
ARLP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alliance Resource Partners, L.P. (ARLP) 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
ARLP vs. SPY - Dividend Comparison
ARLP's dividend yield for the trailing twelve months is around 13.24%, more than SPY's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARLP Alliance Resource Partners, L.P. | 13.24% | 13.22% | 7.38% | 3.16% | 8.93% | 19.82% | 11.94% | 9.54% | 8.85% | 19.74% | 5.74% | 5.93% |
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
ARLP vs. SPY - Drawdown Comparison
The maximum ARLP drawdown since its inception was -90.52%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARLP and SPY. For additional features, visit the drawdowns tool.
Volatility
ARLP vs. SPY - Volatility Comparison
Alliance Resource Partners, L.P. (ARLP) and SPDR S&P 500 ETF (SPY) have volatilities of 3.49% and 3.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.