CARR vs. SPY
Compare and contrast key facts about Carrier Global Corporation (CARR) 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: CARR or SPY.
Performance
CARR vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, CARR achieves a 30.86% return, which is significantly higher than SPY's 24.40% return.
CARR
30.86%
-8.37%
14.90%
41.74%
N/A
N/A
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| CARR | SPY | |
|---|---|---|
| Sharpe Ratio | 1.52 | 2.64 |
| Sortino Ratio | 2.17 | 3.53 |
| Omega Ratio | 1.27 | 1.49 |
| Calmar Ratio | 3.31 | 3.81 |
| Martin Ratio | 9.18 | 17.21 |
| Ulcer Index | 4.80% | 1.86% |
| Daily Std Dev | 28.92% | 12.15% |
| Max Drawdown | -40.82% | -55.19% |
| Current Drawdown | -9.61% | -2.17% |
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Correlation
The correlation between CARR and SPY is 0.62, 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.
Risk-Adjusted Performance
CARR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Carrier Global Corporation (CARR) 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
CARR vs. SPY - Dividend Comparison
CARR's dividend yield for the trailing twelve months is around 1.02%, less than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 1.02% | 1.30% | 1.54% | 0.94% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CARR vs. SPY - Drawdown Comparison
The maximum CARR drawdown since its inception was -40.82%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CARR and SPY. For additional features, visit the drawdowns tool.
Volatility
CARR vs. SPY - Volatility Comparison
Carrier Global Corporation (CARR) has a higher volatility of 11.11% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that CARR'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.