Correlation
The correlation between CICOY and SPY is 0.07, 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.
CICOY vs. SPY
Compare and contrast key facts about COSCO SHIPPING Holdings Co., Ltd. (CICOY) 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: CICOY or SPY.
Performance
CICOY vs. SPY - Performance Comparison
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Key characteristics
CICOY:
0.42
SPY:
0.70
CICOY:
0.71
SPY:
1.02
CICOY:
1.10
SPY:
1.15
CICOY:
0.39
SPY:
0.68
CICOY:
0.73
SPY:
2.57
CICOY:
19.17%
SPY:
4.93%
CICOY:
44.28%
SPY:
20.42%
CICOY:
-64.61%
SPY:
-55.19%
CICOY:
-2.26%
SPY:
-3.55%
Returns By Period
In the year-to-date period, CICOY achieves a 15.27% return, which is significantly higher than SPY's 0.87% return.
CICOY
15.27%
23.08%
32.81%
18.29%
26.78%
79.36%
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
CICOY vs. SPY — Risk-Adjusted Performance Rank
CICOY
SPY
CICOY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for COSCO SHIPPING Holdings Co., Ltd. (CICOY) 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
CICOY vs. SPY - Dividend Comparison
CICOY's dividend yield for the trailing twelve months is around 5.67%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CICOY COSCO SHIPPING Holdings Co., Ltd. | 5.67% | 6.54% | 27.06% | 40.04% | 0.00% | 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
CICOY vs. SPY - Drawdown Comparison
The maximum CICOY drawdown since its inception was -64.61%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CICOY and SPY.
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Volatility
CICOY vs. SPY - Volatility Comparison
COSCO SHIPPING Holdings Co., Ltd. (CICOY) has a higher volatility of 9.51% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that CICOY'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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