CNX vs. SPY
Compare and contrast key facts about CNX Resources Corporation (CNX) 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: CNX or SPY.
Correlation
The correlation between CNX and SPY is 0.39, 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
CNX vs. SPY - Performance Comparison
Key characteristics
CNX:
1.69
SPY:
1.97
CNX:
2.21
SPY:
2.64
CNX:
1.30
SPY:
1.36
CNX:
0.70
SPY:
2.97
CNX:
5.27
SPY:
12.34
CNX:
10.46%
SPY:
2.03%
CNX:
32.69%
SPY:
12.68%
CNX:
-95.41%
SPY:
-55.19%
CNX:
-65.97%
SPY:
-0.01%
Returns By Period
In the year-to-date period, CNX achieves a -17.67% return, which is significantly lower than SPY's 4.03% return. Over the past 10 years, CNX has underperformed SPY with an annualized return of 0.94%, while SPY has yielded a comparatively higher 13.18% annualized return.
CNX
-17.67%
0.17%
10.10%
51.40%
36.50%
0.94%
SPY
4.03%
2.03%
9.65%
23.63%
14.28%
13.18%
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Risk-Adjusted Performance
CNX vs. SPY — Risk-Adjusted Performance Rank
CNX
SPY
CNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CNX Resources Corporation (CNX) 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
CNX vs. SPY - Dividend Comparison
CNX 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNX CNX Resources Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.86% | 0.05% | 1.85% | 0.74% |
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
CNX vs. SPY - Drawdown Comparison
The maximum CNX drawdown since its inception was -95.41%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CNX and SPY. For additional features, visit the drawdowns tool.
Volatility
CNX vs. SPY - Volatility Comparison
CNX Resources Corporation (CNX) has a higher volatility of 8.64% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that CNX'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.