CRVL vs. SPY
Compare and contrast key facts about CorVel Corporation (CRVL) 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: CRVL or SPY.
Key characteristics
| CRVL | SPY | |
|---|---|---|
| YTD Return | 2.77% | 9.14% |
| 1Y Return | 21.47% | 27.11% |
| 3Y Return (Ann) | 28.66% | 8.62% |
| 5Y Return (Ann) | 28.54% | 14.39% |
| 10Y Return (Ann) | 18.69% | 12.68% |
| Sharpe Ratio | 0.78 | 2.36 |
| Daily Std Dev | 27.80% | 11.51% |
| Max Drawdown | -67.12% | -55.19% |
| Current Drawdown | -3.39% | -1.15% |
Correlation
The correlation between CRVL 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
CRVL vs. SPY - Performance Comparison
In the year-to-date period, CRVL achieves a 2.77% return, which is significantly lower than SPY's 9.14% return. Over the past 10 years, CRVL has outperformed SPY with an annualized return of 18.69%, while SPY has yielded a comparatively lower 12.68% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CRVL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CorVel Corporation (CRVL) 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
CRVL vs. SPY - Dividend Comparison
CRVL has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.30%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRVL CorVel 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 | 1.30% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CRVL vs. SPY - Drawdown Comparison
The maximum CRVL drawdown since its inception was -67.12%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CRVL and SPY. For additional features, visit the drawdowns tool.
Volatility
CRVL vs. SPY - Volatility Comparison
CorVel Corporation (CRVL) has a higher volatility of 6.42% compared to SPDR S&P 500 ETF (SPY) at 4.07%. This indicates that CRVL'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.