ATI vs. SPY
Compare and contrast key facts about Allegheny Technologies Incorporated (ATI) and State Street 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.
Performance
ATI vs. SPY - Performance Comparison
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ATI vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATI Allegheny Technologies Incorporated | 26.75% | 108.50% | 21.05% | 52.28% | 87.45% | -5.01% | -18.83% | -5.10% | -9.82% | 51.54% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, ATI achieves a 26.75% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, ATI has outperformed SPY with an annualized return of 24.55%, while SPY has yielded a comparatively lower 13.98% annualized return.
ATI
- 1D
- 7.35%
- 1M
- -11.08%
- YTD
- 26.75%
- 6M
- 78.83%
- 1Y
- 179.57%
- 3Y*
- 54.48%
- 5Y*
- 45.90%
- 10Y*
- 24.55%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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Return for Risk
ATI vs. SPY — Risk / Return Rank
ATI
SPY
ATI vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allegheny Technologies Incorporated (ATI) 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.
| ATI | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.72 | 0.93 | +2.79 |
Sortino ratioReturn per unit of downside risk | 3.72 | 1.45 | +2.27 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.22 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 7.33 | 1.53 | +5.80 |
Martin ratioReturn relative to average drawdown | 17.77 | 7.30 | +10.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ATI | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.72 | 0.93 | +2.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.69 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.78 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.56 | -0.46 |
Correlation
The correlation between ATI and SPY is 0.54, 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.
Dividends
ATI vs. SPY - Dividend Comparison
ATI has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATI Allegheny Technologies Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.51% | 5.51% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
ATI vs. SPY - Drawdown Comparison
The maximum ATI drawdown since its inception was -94.72%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ATI and SPY.
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Drawdown Indicators
| ATI | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.72% | -55.19% | -39.53% |
Max Drawdown (1Y)Largest decline over 1 year | -25.31% | -12.05% | -13.26% |
Max Drawdown (5Y)Largest decline over 5 years | -43.31% | -24.50% | -18.81% |
Max Drawdown (10Y)Largest decline over 10 years | -82.43% | -33.72% | -48.71% |
Current DrawdownCurrent decline from peak | -12.59% | -6.24% | -6.35% |
Average DrawdownAverage peak-to-trough decline | -61.04% | -9.09% | -51.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.44% | 2.52% | +7.92% |
Volatility
ATI vs. SPY - Volatility Comparison
Allegheny Technologies Incorporated (ATI) has a higher volatility of 17.17% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that ATI'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.
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Volatility by Period
| ATI | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.17% | 5.31% | +11.86% |
Volatility (6M)Calculated over the trailing 6-month period | 27.78% | 9.47% | +18.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.63% | 19.05% | +29.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.84% | 17.06% | +25.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.93% | 17.92% | +34.01% |