CSAN vs. SPY
Compare and contrast key facts about Cosan S.A. (CSAN) 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: CSAN or SPY.
Key characteristics
CSAN | SPY | |
---|---|---|
YTD Return | -28.80% | 11.81% |
1Y Return | -10.37% | 31.01% |
3Y Return (Ann) | -10.55% | 9.97% |
Sharpe Ratio | -0.38 | 2.61 |
Daily Std Dev | 34.85% | 11.55% |
Max Drawdown | -49.08% | -55.19% |
Current Drawdown | -41.58% | 0.00% |
Correlation
The correlation between CSAN 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
CSAN vs. SPY - Performance Comparison
In the year-to-date period, CSAN achieves a -28.80% return, which is significantly lower than SPY's 11.81% 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
CSAN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cosan S.A. (CSAN) 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
CSAN vs. SPY - Dividend Comparison
CSAN's dividend yield for the trailing twelve months is around 3.01%, more than SPY's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Cosan S.A. | 3.01% | 4.30% | 2.63% | 2.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CSAN vs. SPY - Drawdown Comparison
The maximum CSAN drawdown since its inception was -49.08%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CSAN and SPY. For additional features, visit the drawdowns tool.
Volatility
CSAN vs. SPY - Volatility Comparison
Cosan S.A. (CSAN) has a higher volatility of 7.78% compared to SPDR S&P 500 ETF (SPY) at 3.48%. This indicates that CSAN'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.