CHMI vs. SPY
Compare and contrast key facts about Cherry Hill Mortgage Investment Corporation (CHMI) and State Street 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.
Performance
CHMI vs. SPY - Performance Comparison
Loading graphics...
CHMI vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHMI Cherry Hill Mortgage Investment Corporation | 2.02% | 14.92% | -21.94% | -18.91% | -17.19% | 1.54% | -28.09% | -6.76% | 9.80% | 10.00% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, CHMI achieves a 2.02% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, CHMI has underperformed SPY with an annualized return of -3.38%, while SPY has yielded a comparatively higher 13.98% annualized return.
CHMI
- 1D
- 1.63%
- 1M
- -1.08%
- YTD
- 2.02%
- 6M
- 13.06%
- 1Y
- -10.29%
- 3Y*
- -9.40%
- 5Y*
- -10.27%
- 10Y*
- -3.38%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CHMI vs. SPY — Risk / Return Rank
CHMI
SPY
CHMI vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cherry Hill Mortgage Investment Corporation (CHMI) 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.
| CHMI | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.28 | 0.93 | -1.21 |
Sortino ratioReturn per unit of downside risk | -0.15 | 1.45 | -1.60 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.22 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.36 | 1.53 | -1.89 |
Martin ratioReturn relative to average drawdown | -0.71 | 7.30 | -8.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CHMI | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 0.93 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.69 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 0.78 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.56 | -0.63 |
Correlation
The correlation between CHMI and SPY is 0.36, 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.
Dividends
CHMI vs. SPY - Dividend Comparison
CHMI's dividend yield for the trailing twelve months is around 18.00%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHMI Cherry Hill Mortgage Investment Corporation | 18.00% | 19.61% | 22.73% | 17.82% | 18.62% | 13.06% | 13.24% | 12.20% | 12.03% | 10.89% | 11.60% | 15.23% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
CHMI vs. SPY - Drawdown Comparison
The maximum CHMI drawdown since its inception was -81.93%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CHMI and SPY.
Loading graphics...
Drawdown Indicators
| CHMI | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.93% | -55.19% | -26.74% |
Max Drawdown (1Y)Largest decline over 1 year | -26.74% | -12.05% | -14.69% |
Max Drawdown (5Y)Largest decline over 5 years | -61.98% | -24.50% | -37.48% |
Max Drawdown (10Y)Largest decline over 10 years | -81.93% | -33.72% | -48.21% |
Current DrawdownCurrent decline from peak | -61.05% | -6.24% | -54.81% |
Average DrawdownAverage peak-to-trough decline | -28.08% | -9.09% | -18.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.03% | 2.52% | +11.51% |
Volatility
CHMI vs. SPY - Volatility Comparison
Cherry Hill Mortgage Investment Corporation (CHMI) has a higher volatility of 10.24% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that CHMI'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.
Loading graphics...
Volatility by Period
| CHMI | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 5.31% | +4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 21.58% | 9.47% | +12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.51% | 19.05% | +17.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.49% | 17.06% | +15.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.75% | 17.92% | +24.83% |