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
Key characteristics
CWT:
-0.42
SPY:
1.88
CWT:
-0.45
SPY:
2.51
CWT:
0.95
SPY:
1.35
CWT:
-0.24
SPY:
2.83
CWT:
-1.22
SPY:
11.89
CWT:
7.61%
SPY:
2.00%
CWT:
22.22%
SPY:
12.69%
CWT:
-38.24%
SPY:
-55.19%
CWT:
-36.76%
SPY:
-3.89%
Returns By Period
In the year-to-date period, CWT achieves a -5.40% return, which is significantly lower than SPY's -0.66% return. Over the past 10 years, CWT has underperformed SPY with an annualized return of 7.59%, while SPY has yielded a comparatively higher 13.18% annualized return.
CWT
-5.40%
-11.59%
-17.68%
-10.02%
-1.64%
7.59%
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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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.
Dividends
CWT vs. SPY - Dividend Comparison
CWT's dividend yield for the trailing twelve months is around 2.57%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWT California Water Service Group | 2.57% | 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.
Volatility
CWT vs. SPY - Volatility Comparison
California Water Service Group (CWT) has a higher volatility of 6.25% compared to SPDR S&P 500 ETF (SPY) at 4.61%. 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.