CNC vs. SPY
Compare and contrast key facts about Centene Corporation (CNC) 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: CNC or SPY.
Correlation
The correlation between CNC and SPY is 0.40, 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
CNC vs. SPY - Performance Comparison
Key characteristics
CNC:
-0.90
SPY:
1.91
CNC:
-1.17
SPY:
2.57
CNC:
0.85
SPY:
1.35
CNC:
-0.66
SPY:
2.88
CNC:
-1.72
SPY:
11.96
CNC:
16.18%
SPY:
2.03%
CNC:
30.88%
SPY:
12.68%
CNC:
-64.42%
SPY:
-55.19%
CNC:
-42.47%
SPY:
0.00%
Returns By Period
In the year-to-date period, CNC achieves a -7.68% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, CNC has underperformed SPY with an annualized return of 6.47%, while SPY has yielded a comparatively higher 13.21% annualized return.
CNC
-7.68%
-10.15%
-28.44%
-28.97%
-3.19%
6.47%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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Risk-Adjusted Performance
CNC vs. SPY — Risk-Adjusted Performance Rank
CNC
SPY
CNC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Centene Corporation (CNC) 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
CNC vs. SPY - Dividend Comparison
CNC has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNC Centene 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 | 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
CNC vs. SPY - Drawdown Comparison
The maximum CNC drawdown since its inception was -64.42%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CNC and SPY. For additional features, visit the drawdowns tool.
Volatility
CNC vs. SPY - Volatility Comparison
Centene Corporation (CNC) has a higher volatility of 8.95% compared to SPDR S&P 500 ETF (SPY) at 3.13%. This indicates that CNC'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.