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CION vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


CIONSPY
YTD Return16.85%18.86%
1Y Return26.33%28.13%
Sharpe Ratio1.402.21
Daily Std Dev18.10%12.60%
Max Drawdown-45.34%-55.19%
Current Drawdown-0.59%-0.61%

Correlation

-0.50.00.51.00.5

The correlation between CION and SPY is 0.48, 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

CION vs. SPY - Performance Comparison

In the year-to-date period, CION achieves a 16.85% return, which is significantly lower than SPY's 18.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%AprilMayJuneJulyAugustSeptember
21.36%
8.21%
CION
SPY

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Risk-Adjusted Performance

CION vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for CION Investment Corporation (CION) 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.


CION
Sharpe ratio
The chart of Sharpe ratio for CION, currently valued at 1.40, compared to the broader market-4.00-2.000.002.001.40
Sortino ratio
The chart of Sortino ratio for CION, currently valued at 2.05, compared to the broader market-6.00-4.00-2.000.002.004.002.05
Omega ratio
The chart of Omega ratio for CION, currently valued at 1.25, compared to the broader market0.501.001.502.001.25
Calmar ratio
The chart of Calmar ratio for CION, currently valued at 1.30, compared to the broader market0.001.002.003.004.005.001.30
Martin ratio
The chart of Martin ratio for CION, currently valued at 6.75, compared to the broader market-10.00-5.000.005.0010.0015.0020.006.75
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.21, compared to the broader market-4.00-2.000.002.002.21
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 2.98, compared to the broader market-6.00-4.00-2.000.002.004.002.98
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.40, compared to the broader market0.501.001.502.001.40
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 2.39, compared to the broader market0.001.002.003.004.005.002.39
Martin ratio
The chart of Martin ratio for SPY, currently valued at 12.08, compared to the broader market-10.00-5.000.005.0010.0015.0020.0012.08

CION vs. SPY - Sharpe Ratio Comparison

The current CION Sharpe Ratio is 1.40, which is lower than the SPY Sharpe Ratio of 2.21. The chart below compares the 12-month rolling Sharpe Ratio of CION and SPY.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00AprilMayJuneJulyAugustSeptember
1.40
2.21
CION
SPY

Dividends

CION vs. SPY - Dividend Comparison

CION's dividend yield for the trailing twelve months is around 14.05%, more than SPY's 0.94% yield.


TTM20232022202120202019201820172016201520142013
CION
CION Investment Corporation
14.05%13.91%14.80%3.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
0.94%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

CION vs. SPY - Drawdown Comparison

The maximum CION drawdown since its inception was -45.34%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CION and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%AprilMayJuneJulyAugustSeptember
-0.59%
-0.61%
CION
SPY

Volatility

CION vs. SPY - Volatility Comparison

CION Investment Corporation (CION) has a higher volatility of 4.37% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that CION'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.


2.00%3.00%4.00%5.00%6.00%AprilMayJuneJulyAugustSeptember
4.37%
3.84%
CION
SPY