Correlation
The correlation between CXW and SPY is 0.38, 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.
CXW vs. SPY
Compare and contrast key facts about CoreCivic, Inc. (CXW) 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: CXW or SPY.
Performance
CXW vs. SPY - Performance Comparison
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Key characteristics
CXW:
0.71
SPY:
0.70
CXW:
1.66
SPY:
1.02
CXW:
1.23
SPY:
1.15
CXW:
0.76
SPY:
0.68
CXW:
2.71
SPY:
2.57
CXW:
16.50%
SPY:
4.93%
CXW:
57.55%
SPY:
20.42%
CXW:
-97.76%
SPY:
-55.19%
CXW:
-19.61%
SPY:
-3.55%
Returns By Period
In the year-to-date period, CXW achieves a 1.01% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, CXW has underperformed SPY with an annualized return of -0.59%, while SPY has yielded a comparatively higher 12.73% annualized return.
CXW
1.01%
-3.64%
-1.66%
36.82%
19.50%
12.79%
-0.59%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
CXW vs. SPY — Risk-Adjusted Performance Rank
CXW
SPY
CXW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreCivic, Inc. (CXW) 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
CXW vs. SPY - Dividend Comparison
CXW has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXW CoreCivic, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 13.44% | 7.59% | 9.65% | 7.47% | 8.34% | 8.15% | 5.61% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CXW vs. SPY - Drawdown Comparison
The maximum CXW drawdown since its inception was -97.76%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CXW and SPY.
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Volatility
CXW vs. SPY - Volatility Comparison
CoreCivic, Inc. (CXW) has a higher volatility of 6.52% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that CXW'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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