CARE vs. SPY
Compare and contrast key facts about Carter Bankshares, Inc. (CARE) 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: CARE or SPY.
Correlation
The correlation between CARE and SPY is 0.28, 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
CARE vs. SPY - Performance Comparison
Key characteristics
CARE:
0.79
SPY:
1.88
CARE:
1.46
SPY:
2.53
CARE:
1.17
SPY:
1.35
CARE:
0.48
SPY:
2.83
CARE:
2.87
SPY:
11.74
CARE:
8.91%
SPY:
2.02%
CARE:
32.51%
SPY:
12.64%
CARE:
-73.16%
SPY:
-55.19%
CARE:
-25.86%
SPY:
-0.42%
Returns By Period
In the year-to-date period, CARE achieves a -0.74% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, CARE has underperformed SPY with an annualized return of 3.45%, while SPY has yielded a comparatively higher 13.18% annualized return.
CARE
-0.74%
-1.58%
8.25%
25.97%
-2.11%
3.45%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
CARE vs. SPY — Risk-Adjusted Performance Rank
CARE
SPY
CARE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Carter Bankshares, Inc. (CARE) 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
CARE vs. SPY - Dividend Comparison
CARE has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARE Carter Bankshares, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.31% | 0.00% | 0.00% | 0.00% | 2.26% | 2.96% | 3.15% |
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
CARE vs. SPY - Drawdown Comparison
The maximum CARE drawdown since its inception was -73.16%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CARE and SPY. For additional features, visit the drawdowns tool.
Volatility
CARE vs. SPY - Volatility Comparison
Carter Bankshares, Inc. (CARE) has a higher volatility of 5.68% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that CARE'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.