CE vs. SPY
CE (Celanese Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, CE returned -1.54%/yr vs 15.07%/yr for SPY. Their 0.57 correlation means they have sometimes moved together and sometimes differently.
Performance
CE vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, CE achieves a 5.95% return, which is significantly lower than SPY's 10.13% return. Over the past 10 years, CE has underperformed SPY with an annualized return of -1.54%, while SPY has yielded a comparatively higher 15.07% annualized return.
CE
- 1D
- -0.20%
- 1M
- -6.14%
- 6M
- 0.80%
- YTD
- 5.95%
- 1Y
- -7.67%
- 3Y*
- -28.37%
- 5Y*
- -20.91%
- 10Y*
- -1.54%
- ALL TIME*
- 6.31%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $84.92M | $80.90M | $96.87M | |
| $37.27B | $35.99B | $39.23B |
CE vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CE Celanese Corporation | 5.95% | -38.76% | -54.57% | 55.69% | -37.77% | 31.75% | 8.25% | 39.85% | -14.31% | 38.52% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between CE and SPY is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2005 | 0.57 |
Over the past year, the correlation between CE and SPY has dropped to 0.18 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
CE vs. SPY — Risk / Return Rank
CE
SPY
CE vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Celanese Corporation (CE) and State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CE | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.27 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.20 | -2.59 |
| Martin ratioReturn relative to average drawdown | -0.82 | 9.40 | -10.22 |
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Drawdowns
CE vs. SPY - Drawdown Comparison
The maximum CE drawdown since its inception was -84.87%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CE and SPY.
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Drawdown Indicators
| CE | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.87% | -55.19% | -29.68% |
Max Drawdown (1Y)Largest decline over 1 year | -37.13% | -8.88% | -28.25% |
Max Drawdown (3Y)Largest decline over 3 years | -78.96% | -18.76% | -60.20% |
Max Drawdown (5Y)Largest decline over 5 years | -78.96% | -24.50% | -54.46% |
Max Drawdown (10Y)Largest decline over 10 years | -78.96% | -33.72% | -45.24% |
Current DrawdownCurrent decline from peak | -73.47% | -1.40% | -72.07% |
Average DrawdownAverage peak-to-trough decline | -21.00% | -9.01% | -11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.30% | 2.08% | +17.22% |
Volatility
CE vs. SPY - Volatility Comparison
Celanese Corporation (CE) has a higher volatility of 11.96% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that CE'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.
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Volatility by Period
| CE | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.96% | 3.58% | +8.38% |
Volatility (6M)Calculated over the trailing 6-month period | 40.00% | 10.14% | +29.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.14% | 12.89% | +43.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.47% | 17.18% | +28.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.32% | 17.95% | +21.37% |
Dividends
CE vs. SPY - Dividend Comparison
CE's dividend yield for the trailing twelve months is around 0.27%, less than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CE Celanese Corporation | 0.27% | 0.28% | 4.05% | 1.80% | 2.68% | 1.62% | 1.91% | 1.95% | 2.31% | 1.62% | 1.75% | 1.71% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
CE and SPY have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CE has higher volatility (11.96%) compared to SPY (3.58%). In terms of maximum drawdown, CE dropped -84.87% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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