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 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
CAJPY vs. SPY - Performance Comparison
Key characteristics
CAJPY:
0.90
SPY:
1.82
CAJPY:
1.35
SPY:
2.45
CAJPY:
1.19
SPY:
1.33
CAJPY:
1.56
SPY:
2.77
CAJPY:
3.61
SPY:
11.49
CAJPY:
7.22%
SPY:
2.03%
CAJPY:
29.12%
SPY:
12.70%
CAJPY:
-62.41%
SPY:
-55.19%
CAJPY:
-2.33%
SPY:
0.00%
Returns By Period
In the year-to-date period, CAJPY achieves a 2.71% return, which is significantly lower than SPY's 4.04% return. Over the past 10 years, CAJPY has underperformed SPY with an annualized return of 5.45%, while SPY has yielded a comparatively higher 13.24% annualized return.
CAJPY
2.71%
7.74%
8.94%
25.42%
9.27%
5.45%
SPY
4.04%
4.73%
10.95%
23.86%
14.32%
13.24%
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
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 1.53%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAJPY Canon Inc. | 1.53% | 1.58% | 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 | 1.16% | 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
Canon Inc. (CAJPY) has a higher volatility of 10.15% compared to SPDR S&P 500 ETF (SPY) at 3.55%. This indicates that CAJPY'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.