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:
1.51
SPY:
2.20
CWST:
2.06
SPY:
2.91
CWST:
1.26
SPY:
1.41
CWST:
2.75
SPY:
3.35
CWST:
7.77
SPY:
13.99
CWST:
4.21%
SPY:
2.01%
CWST:
21.61%
SPY:
12.79%
CWST:
-98.52%
SPY:
-55.19%
CWST:
-2.14%
SPY:
-1.35%
Returns By Period
In the year-to-date period, CWST achieves a 5.37% return, which is significantly higher than SPY's 1.96% return. Over the past 10 years, CWST has outperformed SPY with an annualized return of 40.06%, while SPY has yielded a comparatively lower 13.44% annualized return.
CWST
5.37%
5.21%
3.50%
31.85%
17.61%
40.06%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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Risk-Adjusted Performance
CWST vs. SPY — Risk-Adjusted Performance Rank
CWST
SPY
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 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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) and SPDR S&P 500 ETF (SPY) have volatilities of 4.85% and 5.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.