Correlation
The correlation between CHRD and SPY is 0.33, 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.
CHRD vs. SPY
Compare and contrast key facts about Chord Energy Corp (CHRD) 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: CHRD or SPY.
Performance
CHRD vs. SPY - Performance Comparison
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Key characteristics
CHRD:
-1.22
SPY:
0.70
CHRD:
-1.90
SPY:
1.02
CHRD:
0.75
SPY:
1.15
CHRD:
-0.89
SPY:
0.68
CHRD:
-1.49
SPY:
2.57
CHRD:
32.26%
SPY:
4.93%
CHRD:
38.80%
SPY:
20.42%
CHRD:
-53.91%
SPY:
-55.19%
CHRD:
-48.73%
SPY:
-3.55%
Returns By Period
In the year-to-date period, CHRD achieves a -20.96% return, which is significantly lower than SPY's 0.87% return.
CHRD
-20.96%
1.13%
-27.53%
-47.25%
-6.67%
N/A
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
CHRD vs. SPY — Risk-Adjusted Performance Rank
CHRD
SPY
CHRD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Chord Energy Corp (CHRD) 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.
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Dividends
CHRD vs. SPY - Dividend Comparison
CHRD's dividend yield for the trailing twelve months is around 7.29%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHRD Chord Energy Corp | 7.29% | 8.68% | 9.28% | 19.76% | 4.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CHRD vs. SPY - Drawdown Comparison
The maximum CHRD drawdown since its inception was -53.91%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CHRD and SPY.
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Volatility
CHRD vs. SPY - Volatility Comparison
Chord Energy Corp (CHRD) has a higher volatility of 9.48% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that CHRD'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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