BMA vs. SPY
Compare and contrast key facts about Banco Macro S.A. (BMA) 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: BMA or SPY.
Correlation
The correlation between BMA and SPY is 0.37, 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
BMA vs. SPY - Performance Comparison
Key characteristics
BMA:
5.09
SPY:
2.03
BMA:
4.44
SPY:
2.71
BMA:
1.55
SPY:
1.38
BMA:
3.74
SPY:
3.02
BMA:
32.54
SPY:
13.49
BMA:
8.79%
SPY:
1.88%
BMA:
56.23%
SPY:
12.48%
BMA:
-91.66%
SPY:
-55.19%
BMA:
-10.85%
SPY:
-3.54%
Returns By Period
In the year-to-date period, BMA achieves a 271.85% return, which is significantly higher than SPY's 24.51% return. Over the past 10 years, BMA has underperformed SPY with an annualized return of 12.25%, while SPY has yielded a comparatively higher 12.94% annualized return.
BMA
271.85%
17.80%
72.53%
265.61%
29.75%
12.25%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
BMA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Macro S.A. (BMA) 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
BMA vs. SPY - Dividend Comparison
BMA's dividend yield for the trailing twelve months is around 6.20%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMA Banco Macro S.A. | 6.20% | 6.20% | 6.79% | 0.00% | 0.00% | 6.20% | 5.05% | 0.65% | 1.56% | 0.00% | 2.87% | 0.00% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BMA vs. SPY - Drawdown Comparison
The maximum BMA drawdown since its inception was -91.66%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BMA and SPY. For additional features, visit the drawdowns tool.
Volatility
BMA vs. SPY - Volatility Comparison
Banco Macro S.A. (BMA) has a higher volatility of 20.85% compared to SPDR S&P 500 ETF (SPY) at 3.61%. This indicates that BMA'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.