CWT vs. SPY
Compare and contrast key facts about California Water Service Group (CWT) 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: CWT or SPY.
Correlation
The correlation between CWT 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
CWT vs. SPY - Performance Comparison
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Key characteristics
CWT:
-0.30
SPY:
0.66
CWT:
-0.33
SPY:
1.08
CWT:
0.96
SPY:
1.16
CWT:
-0.20
SPY:
0.72
CWT:
-0.69
SPY:
2.78
CWT:
11.26%
SPY:
4.88%
CWT:
23.46%
SPY:
20.26%
CWT:
-38.24%
SPY:
-55.19%
CWT:
-28.31%
SPY:
-2.99%
Returns By Period
In the year-to-date period, CWT achieves a 7.24% return, which is significantly higher than SPY's 1.46% return. Over the past 10 years, CWT has underperformed SPY with an annualized return of 9.30%, while SPY has yielded a comparatively higher 12.71% annualized return.
CWT
7.24%
-5.13%
-5.57%
-6.87%
-1.78%
3.20%
9.30%
SPY
1.46%
12.62%
1.07%
13.27%
16.71%
16.68%
12.71%
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Risk-Adjusted Performance
CWT vs. SPY — Risk-Adjusted Performance Rank
CWT
SPY
CWT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for California Water Service Group (CWT) 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.
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Dividends
CWT vs. SPY - Dividend Comparison
CWT's dividend yield for the trailing twelve months is around 2.42%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWT California Water Service Group | 2.42% | 2.43% | 2.01% | 1.65% | 1.28% | 1.57% | 1.53% | 1.57% | 1.59% | 2.04% | 2.88% | 2.64% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CWT vs. SPY - Drawdown Comparison
The maximum CWT drawdown since its inception was -38.24%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CWT and SPY. For additional features, visit the drawdowns tool.
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Volatility
CWT vs. SPY - Volatility Comparison
California Water Service Group (CWT) has a higher volatility of 8.42% compared to SPDR S&P 500 ETF (SPY) at 4.66%. This indicates that CWT'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.
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User Portfolios with CWT or SPY
Recent discussions
Discrepancy between SPY and ^GSPC?
Hello, from the charts, SPY seems to be outperforming its benchmark ^GSPC. That looks strange. From my understanding, SPY is designed to closely track the S&P 500.
Could there be an error in the charts?
Hedge Cat
Dividend reinvestment
Ed
Dividend Paying Stock Portfolio
4803heights