CIEN vs. SPY
Compare and contrast key facts about Ciena Corporation (CIEN) 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: CIEN or SPY.
Correlation
The correlation between CIEN and SPY is 0.49, 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
CIEN vs. SPY - Performance Comparison
Key characteristics
CIEN:
2.48
SPY:
2.21
CIEN:
2.98
SPY:
2.93
CIEN:
1.44
SPY:
1.41
CIEN:
1.05
SPY:
3.26
CIEN:
6.38
SPY:
14.43
CIEN:
15.75%
SPY:
1.90%
CIEN:
40.52%
SPY:
12.41%
CIEN:
-99.51%
SPY:
-55.19%
CIEN:
-91.65%
SPY:
-2.74%
Returns By Period
In the year-to-date period, CIEN achieves a 94.13% return, which is significantly higher than SPY's 25.54% return. Over the past 10 years, CIEN has outperformed SPY with an annualized return of 16.02%, while SPY has yielded a comparatively lower 12.97% annualized return.
CIEN
94.13%
31.44%
80.35%
99.68%
15.59%
16.02%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
CIEN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ciena Corporation (CIEN) 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
CIEN vs. SPY - Dividend Comparison
CIEN has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIEN Ciena Corporation | 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 | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CIEN vs. SPY - Drawdown Comparison
The maximum CIEN drawdown since its inception was -99.51%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CIEN and SPY. For additional features, visit the drawdowns tool.
Volatility
CIEN vs. SPY - Volatility Comparison
Ciena Corporation (CIEN) has a higher volatility of 18.11% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that CIEN'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.