CAJPY vs. SPY
Compare and contrast key facts about Canon Inc. (CAJPY) 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: CAJPY or SPY.
Correlation
The correlation between CAJPY and SPY is 0.40, 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.
Performance
CAJPY vs. SPY - Performance Comparison
Key characteristics
CAJPY:
0.61
SPY:
0.72
CAJPY:
1.01
SPY:
1.13
CAJPY:
1.13
SPY:
1.17
CAJPY:
0.86
SPY:
0.76
CAJPY:
2.52
SPY:
3.04
CAJPY:
6.92%
SPY:
4.72%
CAJPY:
28.82%
SPY:
20.06%
CAJPY:
-62.41%
SPY:
-55.19%
CAJPY:
-9.63%
SPY:
-7.25%
Returns By Period
In the year-to-date period, CAJPY achieves a -4.26% return, which is significantly lower than SPY's -3.01% return. Over the past 10 years, CAJPY has underperformed SPY with an annualized return of 3.77%, while SPY has yielded a comparatively higher 12.46% annualized return.
CAJPY
-4.26%
9.93%
-0.43%
14.18%
12.91%
3.77%
SPY
-3.01%
12.17%
-0.12%
12.26%
16.40%
12.46%
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Risk-Adjusted Performance
CAJPY vs. SPY — Risk-Adjusted Performance Rank
CAJPY
SPY
CAJPY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canon Inc. (CAJPY) 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
CAJPY vs. SPY - Dividend Comparison
CAJPY's dividend yield for the trailing twelve months is around 1.70%, more than SPY's 1.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAJPY Canon Inc. | 1.70% | 1.63% | 3.11% | 4.08% | 4.99% | 3.28% | 5.35% | 4.65% | 5.37% | 9.52% | 8.12% | 5.72% |
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
CAJPY vs. SPY - Drawdown Comparison
The maximum CAJPY drawdown since its inception was -62.41%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CAJPY and SPY. For additional features, visit the drawdowns tool.
Volatility
CAJPY vs. SPY - Volatility Comparison
The current volatility for Canon Inc. (CAJPY) is 11.11%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.07%. This indicates that CAJPY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.