CWST vs. SPY
Compare and contrast key facts about Casella Waste Systems, Inc. (CWST) 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: CWST or SPY.
Correlation
The correlation between CWST and SPY is 0.37, 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
CWST vs. SPY - Performance Comparison
Key characteristics
CWST:
1.06
SPY:
2.21
CWST:
1.52
SPY:
2.93
CWST:
1.20
SPY:
1.41
CWST:
1.53
SPY:
3.26
CWST:
5.84
SPY:
14.43
CWST:
3.98%
SPY:
1.90%
CWST:
21.83%
SPY:
12.41%
CWST:
-98.52%
SPY:
-55.19%
CWST:
-6.99%
SPY:
-2.74%
Returns By Period
In the year-to-date period, CWST achieves a 24.00% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, CWST has outperformed SPY with an annualized return of 38.90%, while SPY has yielded a comparatively lower 12.97% annualized return.
CWST
24.00%
-2.82%
7.91%
23.22%
18.35%
38.90%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
CWST vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Casella Waste Systems, Inc. (CWST) 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
CWST vs. SPY - Dividend Comparison
CWST has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWST Casella Waste Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CWST vs. SPY - Drawdown Comparison
The maximum CWST drawdown since its inception was -98.52%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CWST and SPY. For additional features, visit the drawdowns tool.
Volatility
CWST vs. SPY - Volatility Comparison
Casella Waste Systems, Inc. (CWST) has a higher volatility of 5.06% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that CWST'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.