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.
Key characteristics
| CXW | SPY | |
|---|---|---|
| YTD Return | 47.49% | 26.01% |
| 1Y Return | 56.54% | 33.73% |
| 3Y Return (Ann) | 23.30% | 9.91% |
| 5Y Return (Ann) | 8.14% | 15.54% |
| 10Y Return (Ann) | -0.65% | 13.25% |
| Sharpe Ratio | 0.98 | 2.82 |
| Sortino Ratio | 1.95 | 3.76 |
| Omega Ratio | 1.28 | 1.53 |
| Calmar Ratio | 0.92 | 4.05 |
| Martin Ratio | 3.96 | 18.33 |
| Ulcer Index | 13.64% | 1.86% |
| Daily Std Dev | 55.45% | 12.07% |
| Max Drawdown | -97.76% | -55.19% |
| Current Drawdown | -21.55% | -0.90% |
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.
Performance
CXW vs. SPY - Performance Comparison
In the year-to-date period, CXW achieves a 47.49% return, which is significantly higher than SPY's 26.01% return. Over the past 10 years, CXW has underperformed SPY with an annualized return of -0.65%, while SPY has yielded a comparatively higher 13.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
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 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXW CoreCivic, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 13.44% | 7.59% | 9.65% | 7.47% | 8.34% | 8.15% | 5.61% | 26.82% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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. For additional features, visit the drawdowns tool.
Volatility
CXW vs. SPY - Volatility Comparison
CoreCivic, Inc. (CXW) has a higher volatility of 36.49% compared to SPDR S&P 500 ETF (SPY) at 3.84%. 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.