CVLG vs. SPY
Compare and contrast key facts about Covenant Logistics Group, Inc. (CVLG) 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: CVLG or SPY.
Correlation
The correlation between CVLG and SPY is 0.28, 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
CVLG vs. SPY - Performance Comparison
Key characteristics
CVLG:
-0.88
SPY:
1.88
CVLG:
-0.87
SPY:
2.53
CVLG:
0.78
SPY:
1.35
CVLG:
-0.89
SPY:
2.83
CVLG:
-2.39
SPY:
11.74
CVLG:
21.30%
SPY:
2.02%
CVLG:
58.07%
SPY:
12.64%
CVLG:
-93.91%
SPY:
-55.19%
CVLG:
-56.97%
SPY:
-0.42%
Returns By Period
In the year-to-date period, CVLG achieves a -52.16% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, CVLG has underperformed SPY with an annualized return of -1.11%, while SPY has yielded a comparatively higher 13.18% annualized return.
CVLG
-52.16%
-6.39%
-49.67%
-49.31%
11.30%
-1.11%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
CVLG vs. SPY — Risk-Adjusted Performance Rank
CVLG
SPY
CVLG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Covenant Logistics Group, Inc. (CVLG) 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
CVLG vs. SPY - Dividend Comparison
CVLG's dividend yield for the trailing twelve months is around 1.48%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVLG Covenant Logistics Group, Inc. | 1.48% | 0.71% | 0.96% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CVLG vs. SPY - Drawdown Comparison
The maximum CVLG drawdown since its inception was -93.91%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CVLG and SPY. For additional features, visit the drawdowns tool.
Volatility
CVLG vs. SPY - Volatility Comparison
Covenant Logistics Group, Inc. (CVLG) has a higher volatility of 8.62% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that CVLG'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.