BANKINDIA.NS vs. SPY
Compare and contrast key facts about Bank of India (BANKINDIA.NS) 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: BANKINDIA.NS or SPY.
Correlation
The correlation between BANKINDIA.NS and SPY is 0.14, 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
BANKINDIA.NS vs. SPY - Performance Comparison
Key characteristics
BANKINDIA.NS:
-0.77
SPY:
1.01
BANKINDIA.NS:
-0.93
SPY:
1.40
BANKINDIA.NS:
0.88
SPY:
1.19
BANKINDIA.NS:
-0.35
SPY:
1.57
BANKINDIA.NS:
-1.13
SPY:
6.03
BANKINDIA.NS:
24.96%
SPY:
2.19%
BANKINDIA.NS:
36.34%
SPY:
13.11%
BANKINDIA.NS:
-93.85%
SPY:
-55.19%
BANKINDIA.NS:
-78.89%
SPY:
-6.56%
Returns By Period
In the year-to-date period, BANKINDIA.NS achieves a -3.91% return, which is significantly lower than SPY's -2.28% return. Over the past 10 years, BANKINDIA.NS has underperformed SPY with an annualized return of -6.86%, while SPY has yielded a comparatively higher 12.62% annualized return.
BANKINDIA.NS
-3.91%
-8.37%
-16.49%
-31.03%
19.06%
-6.86%
SPY
-2.28%
-4.83%
4.87%
13.79%
15.79%
12.62%
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Risk-Adjusted Performance
BANKINDIA.NS vs. SPY — Risk-Adjusted Performance Rank
BANKINDIA.NS
SPY
BANKINDIA.NS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of India (BANKINDIA.NS) 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
BANKINDIA.NS vs. SPY - Dividend Comparison
BANKINDIA.NS's dividend yield for the trailing twelve months is around 2.86%, more than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BANKINDIA.NS Bank of India | 2.98% | 2.75% | 1.78% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.35% | 1.66% |
SPY SPDR S&P 500 ETF | 1.26% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BANKINDIA.NS vs. SPY - Drawdown Comparison
The maximum BANKINDIA.NS drawdown since its inception was -93.85%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BANKINDIA.NS and SPY. For additional features, visit the drawdowns tool.
Volatility
BANKINDIA.NS vs. SPY - Volatility Comparison
Bank of India (BANKINDIA.NS) has a higher volatility of 10.69% compared to SPDR S&P 500 ETF (SPY) at 5.06%. This indicates that BANKINDIA.NS'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.