BYRN vs. SPY
Compare and contrast key facts about Byrna Technologies Inc. (BYRN) 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: BYRN or SPY.
Correlation
The correlation between BYRN and SPY is 0.09, 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
BYRN vs. SPY - Performance Comparison
Key characteristics
BYRN:
4.79
SPY:
2.20
BYRN:
4.52
SPY:
2.91
BYRN:
1.52
SPY:
1.41
BYRN:
5.15
SPY:
3.35
BYRN:
21.99
SPY:
13.99
BYRN:
18.75%
SPY:
2.01%
BYRN:
86.00%
SPY:
12.79%
BYRN:
-92.51%
SPY:
-55.19%
BYRN:
-5.59%
SPY:
-1.35%
Returns By Period
The year-to-date returns for both stocks are quite close, with BYRN having a 2.05% return and SPY slightly lower at 1.96%. Over the past 10 years, BYRN has outperformed SPY with an annualized return of 27.52%, while SPY has yielded a comparatively lower 13.44% annualized return.
BYRN
2.05%
3.34%
206.25%
387.56%
65.25%
27.52%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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Risk-Adjusted Performance
BYRN vs. SPY — Risk-Adjusted Performance Rank
BYRN
SPY
BYRN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Byrna Technologies Inc. (BYRN) 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
BYRN vs. SPY - Dividend Comparison
BYRN has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYRN Byrna Technologies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BYRN vs. SPY - Drawdown Comparison
The maximum BYRN drawdown since its inception was -92.51%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BYRN and SPY. For additional features, visit the drawdowns tool.
Volatility
BYRN vs. SPY - Volatility Comparison
Byrna Technologies Inc. (BYRN) has a higher volatility of 19.49% compared to SPDR S&P 500 ETF (SPY) at 5.10%. This indicates that BYRN'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.