CSWC vs. SPY
Compare and contrast key facts about Capital Southwest Corporation (CSWC) 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: CSWC or SPY.
Performance
CSWC vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, CSWC achieves a 4.11% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, CSWC has outperformed SPY with an annualized return of 14.42%, while SPY has yielded a comparatively lower 13.04% annualized return.
CSWC
4.11%
-10.76%
-8.20%
14.75%
14.88%
14.42%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| CSWC | SPY | |
|---|---|---|
| Sharpe Ratio | 0.76 | 2.64 |
| Sortino Ratio | 1.04 | 3.53 |
| Omega Ratio | 1.15 | 1.49 |
| Calmar Ratio | 0.98 | 3.81 |
| Martin Ratio | 2.75 | 17.21 |
| Ulcer Index | 5.46% | 1.86% |
| Daily Std Dev | 19.70% | 12.15% |
| Max Drawdown | -69.40% | -55.19% |
| Current Drawdown | -13.29% | -2.17% |
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Correlation
The correlation between CSWC and SPY is 0.29, 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.
Risk-Adjusted Performance
CSWC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Southwest Corporation (CSWC) 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
CSWC vs. SPY - Dividend Comparison
CSWC's dividend yield for the trailing twelve months is around 11.06%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSWC Capital Southwest Corporation | 11.06% | 10.21% | 12.75% | 10.13% | 11.49% | 13.07% | 5.88% | 7.01% | 2.31% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CSWC vs. SPY - Drawdown Comparison
The maximum CSWC drawdown since its inception was -69.40%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CSWC and SPY. For additional features, visit the drawdowns tool.
Volatility
CSWC vs. SPY - Volatility Comparison
Capital Southwest Corporation (CSWC) has a higher volatility of 9.49% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that CSWC'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.