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:
0.07
SPY:
0.72
CWT:
0.27
SPY:
1.13
CWT:
1.03
SPY:
1.17
CWT:
0.04
SPY:
0.76
CWT:
0.15
SPY:
3.04
CWT:
10.90%
SPY:
4.72%
CWT:
22.64%
SPY:
20.06%
CWT:
-38.24%
SPY:
-55.19%
CWT:
-27.58%
SPY:
-7.25%
Returns By Period
In the year-to-date period, CWT achieves a 8.33% return, which is significantly higher than SPY's -3.01% return. Over the past 10 years, CWT has underperformed SPY with an annualized return of 9.56%, while SPY has yielded a comparatively higher 12.50% annualized return.
CWT
8.33%
-1.57%
-1.53%
-1.85%
3.28%
9.56%
SPY
-3.01%
5.60%
-0.12%
12.26%
16.60%
12.50%
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
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 1.76%, more than SPY's 1.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWT California Water Service Group | 1.76% | 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 | 1.26% | 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
The current volatility for California Water Service Group (CWT) is 7.58%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.07%. This indicates that CWT experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.