CHMI vs. SPY
Compare and contrast key facts about Cherry Hill Mortgage Investment Corporation (CHMI) 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: CHMI or SPY.
Correlation
The correlation between CHMI and SPY is 0.35, 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
CHMI vs. SPY - Performance Comparison
Key characteristics
CHMI:
0.62
SPY:
1.91
CHMI:
1.01
SPY:
2.57
CHMI:
1.14
SPY:
1.35
CHMI:
0.28
SPY:
2.88
CHMI:
1.52
SPY:
11.96
CHMI:
12.80%
SPY:
2.03%
CHMI:
31.27%
SPY:
12.68%
CHMI:
-82.38%
SPY:
-55.19%
CHMI:
-55.45%
SPY:
0.00%
Returns By Period
In the year-to-date period, CHMI achieves a 37.50% return, which is significantly higher than SPY's 4.34% return. Over the past 10 years, CHMI has underperformed SPY with an annualized return of -2.57%, while SPY has yielded a comparatively higher 13.21% annualized return.
CHMI
37.50%
21.00%
12.28%
21.13%
-14.25%
-2.57%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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Risk-Adjusted Performance
CHMI vs. SPY — Risk-Adjusted Performance Rank
CHMI
SPY
CHMI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cherry Hill Mortgage Investment Corporation (CHMI) 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
CHMI vs. SPY - Dividend Comparison
CHMI's dividend yield for the trailing twelve months is around 16.53%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHMI Cherry Hill Mortgage Investment Corporation | 16.53% | 22.73% | 17.82% | 18.62% | 13.06% | 11.05% | 12.20% | 12.03% | 10.89% | 11.60% | 15.23% | 10.98% |
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
CHMI vs. SPY - Drawdown Comparison
The maximum CHMI drawdown since its inception was -82.38%, 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. For additional features, visit the drawdowns tool.
Volatility
CHMI vs. SPY - Volatility Comparison
Cherry Hill Mortgage Investment Corporation (CHMI) has a higher volatility of 7.21% compared to SPDR S&P 500 ETF (SPY) at 3.00%. 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.