Correlation
The correlation between AZTA and SPY is 0.52, 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.
AZTA vs. SPY
Compare and contrast key facts about Azenta, Inc. (AZTA) 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: AZTA or SPY.
Performance
AZTA vs. SPY - Performance Comparison
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Key characteristics
AZTA:
-0.96
SPY:
0.70
AZTA:
-1.43
SPY:
1.02
AZTA:
0.83
SPY:
1.15
AZTA:
-0.60
SPY:
0.68
AZTA:
-1.53
SPY:
2.57
AZTA:
31.20%
SPY:
4.93%
AZTA:
49.48%
SPY:
20.42%
AZTA:
-97.12%
SPY:
-55.19%
AZTA:
-78.46%
SPY:
-3.55%
Returns By Period
In the year-to-date period, AZTA achieves a -46.56% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, AZTA has underperformed SPY with an annualized return of 9.79%, while SPY has yielded a comparatively higher 12.73% annualized return.
AZTA
-46.56%
1.87%
-42.18%
-47.10%
-29.62%
-7.56%
9.79%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
AZTA vs. SPY — Risk-Adjusted Performance Rank
AZTA
SPY
AZTA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Azenta, Inc. (AZTA) 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.
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Dividends
AZTA vs. SPY - Dividend Comparison
AZTA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZTA Azenta, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.39% | 0.59% | 0.95% | 1.53% | 1.68% | 2.34% | 3.75% | 2.82% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AZTA vs. SPY - Drawdown Comparison
The maximum AZTA drawdown since its inception was -97.12%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AZTA and SPY.
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Volatility
AZTA vs. SPY - Volatility Comparison
Azenta, Inc. (AZTA) has a higher volatility of 15.86% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that AZTA'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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