CFLT vs. SPY
Compare and contrast key facts about Confluent, Inc. (CFLT) 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: CFLT or SPY.
Key characteristics
| CFLT | SPY | |
|---|---|---|
| YTD Return | 21.92% | 26.01% |
| 1Y Return | 43.29% | 33.73% |
| 3Y Return (Ann) | -29.15% | 9.91% |
| Sharpe Ratio | 0.72 | 2.82 |
| Sortino Ratio | 1.59 | 3.76 |
| Omega Ratio | 1.20 | 1.53 |
| Calmar Ratio | 0.56 | 4.05 |
| Martin Ratio | 1.87 | 18.33 |
| Ulcer Index | 24.07% | 1.86% |
| Daily Std Dev | 62.08% | 12.07% |
| Max Drawdown | -82.61% | -55.19% |
| Current Drawdown | -69.52% | -0.90% |
Correlation
The correlation between CFLT and SPY is 0.55, 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
CFLT vs. SPY - Performance Comparison
In the year-to-date period, CFLT achieves a 21.92% return, which is significantly lower than SPY's 26.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CFLT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Confluent, Inc. (CFLT) 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
CFLT vs. SPY - Dividend Comparison
CFLT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFLT Confluent, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CFLT vs. SPY - Drawdown Comparison
The maximum CFLT drawdown since its inception was -82.61%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CFLT and SPY. For additional features, visit the drawdowns tool.
Volatility
CFLT vs. SPY - Volatility Comparison
Confluent, Inc. (CFLT) has a higher volatility of 15.39% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that CFLT'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.