Correlation
The correlation between CRGY and SPY is 0.35, 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.
CRGY vs. SPY
Compare and contrast key facts about Crescent Energy Company (CRGY) 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: CRGY or SPY.
Performance
CRGY vs. SPY - Performance Comparison
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Key characteristics
CRGY:
-0.59
SPY:
0.70
CRGY:
-0.56
SPY:
1.02
CRGY:
0.92
SPY:
1.15
CRGY:
-0.53
SPY:
0.68
CRGY:
-1.29
SPY:
2.57
CRGY:
23.10%
SPY:
4.93%
CRGY:
51.17%
SPY:
20.42%
CRGY:
-56.21%
SPY:
-55.19%
CRGY:
-48.93%
SPY:
-3.55%
Returns By Period
In the year-to-date period, CRGY achieves a -41.14% return, which is significantly lower than SPY's 0.87% return.
CRGY
-41.14%
0.14%
-42.17%
-30.41%
-19.00%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
CRGY vs. SPY — Risk-Adjusted Performance Rank
CRGY
SPY
CRGY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crescent Energy Company (CRGY) 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.
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Dividends
CRGY vs. SPY - Dividend Comparison
CRGY's dividend yield for the trailing twelve months is around 5.72%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRGY Crescent Energy Company | 5.72% | 3.29% | 4.01% | 5.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CRGY vs. SPY - Drawdown Comparison
The maximum CRGY drawdown since its inception was -56.21%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CRGY and SPY.
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Volatility
CRGY vs. SPY - Volatility Comparison
Crescent Energy Company (CRGY) has a higher volatility of 13.54% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that CRGY'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.
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