CORZZ vs. SPY
Compare and contrast key facts about Core Scientific Inc. Tranche 2 Warrants (CORZZ) 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: CORZZ or SPY.
Correlation
The correlation between CORZZ and SPY is 0.33, 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
CORZZ vs. SPY - Performance Comparison
Key characteristics
CORZZ:
115.52%
SPY:
12.57%
CORZZ:
-59.61%
SPY:
-55.19%
CORZZ:
-21.99%
SPY:
-2.69%
Returns By Period
In the year-to-date period, CORZZ achieves a 1.21% return, which is significantly higher than SPY's 0.58% return.
CORZZ
1.21%
-10.25%
45.69%
N/A
N/A
N/A
SPY
0.58%
-1.88%
6.61%
25.28%
14.36%
13.26%
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Risk-Adjusted Performance
CORZZ vs. SPY — Risk-Adjusted Performance Rank
CORZZ
SPY
CORZZ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Core Scientific Inc. Tranche 2 Warrants (CORZZ) 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.
Not enough dataDividends
CORZZ vs. SPY - Dividend Comparison
CORZZ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORZZ Core Scientific Inc. Tranche 2 Warrants | 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 | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CORZZ vs. SPY - Drawdown Comparison
The maximum CORZZ drawdown since its inception was -59.61%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CORZZ and SPY. For additional features, visit the drawdowns tool.
Volatility
CORZZ vs. SPY - Volatility Comparison
Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 19.13% compared to SPDR S&P 500 ETF (SPY) at 4.49%. This indicates that CORZZ'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.