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.
Key characteristics
| CSWC | SPY | |
|---|---|---|
| YTD Return | 13.28% | 7.90% |
| 1Y Return | 67.24% | 28.03% |
| 3Y Return (Ann) | 14.49% | 8.75% |
| 5Y Return (Ann) | 14.65% | 13.52% |
| 10Y Return (Ann) | 15.01% | 12.62% |
| Sharpe Ratio | 3.54 | 2.33 |
| Daily Std Dev | 17.97% | 11.63% |
| Max Drawdown | -68.34% | -55.19% |
| Current Drawdown | -0.04% | -2.27% |
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.
Performance
CSWC vs. SPY - Performance Comparison
In the year-to-date period, CSWC achieves a 13.28% return, which is significantly higher than SPY's 7.90% return. Over the past 10 years, CSWC has outperformed SPY with an annualized return of 15.01%, while SPY has yielded a comparatively lower 12.62% 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
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 9.43%, more than SPY's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSWC Capital Southwest Corporation | 9.43% | 10.20% | 12.75% | 10.32% | 6.87% | 8.99% | 5.88% | 7.01% | 2.31% | 0.08% | 0.16% | 0.29% |
SPY SPDR S&P 500 ETF | 1.31% | 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 -68.34%, 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 4.55% 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.