AVY vs. SPY
Compare and contrast key facts about Avery Dennison Corporation (AVY) 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: AVY or SPY.
Performance
AVY vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, AVY achieves a -1.41% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, AVY has outperformed SPY with an annualized return of 17.35%, while SPY has yielded a comparatively lower 13.07% annualized return.
AVY
-1.41%
-9.35%
-13.35%
5.53%
10.24%
17.35%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| AVY | SPY | |
|---|---|---|
| Sharpe Ratio | 0.31 | 2.69 |
| Sortino Ratio | 0.54 | 3.59 |
| Omega Ratio | 1.07 | 1.50 |
| Calmar Ratio | 0.39 | 3.89 |
| Martin Ratio | 1.10 | 17.53 |
| Ulcer Index | 4.87% | 1.87% |
| Daily Std Dev | 17.26% | 12.15% |
| Max Drawdown | -73.03% | -55.19% |
| Current Drawdown | -13.82% | -1.41% |
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Correlation
The correlation between AVY and SPY is 0.57, 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.
Risk-Adjusted Performance
AVY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avery Dennison Corporation (AVY) 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
AVY vs. SPY - Dividend Comparison
AVY's dividend yield for the trailing twelve months is around 1.72%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVY Avery Dennison Corporation | 1.72% | 1.57% | 1.62% | 1.23% | 1.52% | 1.73% | 2.24% | 1.53% | 2.28% | 2.33% | 2.58% | 2.27% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AVY vs. SPY - Drawdown Comparison
The maximum AVY drawdown since its inception was -73.03%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AVY and SPY. For additional features, visit the drawdowns tool.
Volatility
AVY vs. SPY - Volatility Comparison
Avery Dennison Corporation (AVY) and SPDR S&P 500 ETF (SPY) have volatilities of 3.95% and 4.09%, 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.