Correlation
The correlation between CSPKY and SPY is 0.01, 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.
CSPKY vs. SPY
Compare and contrast key facts about COSCO SHIPPING Ports Limited (CSPKY) 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: CSPKY or SPY.
Performance
CSPKY vs. SPY - Performance Comparison
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Key characteristics
CSPKY:
-0.28
SPY:
0.70
CSPKY:
0.00
SPY:
1.02
CSPKY:
1.00
SPY:
1.15
CSPKY:
-0.37
SPY:
0.68
CSPKY:
-0.87
SPY:
2.57
CSPKY:
20.20%
SPY:
4.93%
CSPKY:
60.49%
SPY:
20.42%
CSPKY:
-66.71%
SPY:
-55.19%
CSPKY:
-46.73%
SPY:
-3.55%
Returns By Period
In the year-to-date period, CSPKY achieves a -7.48% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, CSPKY has underperformed SPY with an annualized return of -4.92%, while SPY has yielded a comparatively higher 12.73% annualized return.
CSPKY
-7.48%
0.00%
-2.54%
-17.64%
-9.52%
4.24%
-4.92%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
CSPKY vs. SPY — Risk-Adjusted Performance Rank
CSPKY
SPY
CSPKY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for COSCO SHIPPING Ports Limited (CSPKY) 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
CSPKY vs. SPY - Dividend Comparison
CSPKY's dividend yield for the trailing twelve months is around 7.12%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSPKY COSCO SHIPPING Ports Limited | 7.12% | 6.65% | 6.06% | 5.78% | 5.49% | 6.14% | 4.67% | 9.89% | 1.99% | 15.86% | 2.89% | 2.44% |
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
CSPKY vs. SPY - Drawdown Comparison
The maximum CSPKY drawdown since its inception was -66.71%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CSPKY and SPY.
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Volatility
CSPKY vs. SPY - Volatility Comparison
The current volatility for COSCO SHIPPING Ports Limited (CSPKY) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that CSPKY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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