DAVE vs. SPY
Compare and contrast key facts about Dave Inc. (DAVE) 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: DAVE or SPY.
Correlation
The correlation between DAVE and SPY is 0.31, 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
DAVE vs. SPY - Performance Comparison
Key characteristics
DAVE:
1.10
SPY:
-0.03
DAVE:
2.04
SPY:
0.06
DAVE:
1.25
SPY:
1.01
DAVE:
1.09
SPY:
-0.03
DAVE:
4.44
SPY:
-0.13
DAVE:
22.94%
SPY:
3.49%
DAVE:
92.67%
SPY:
15.82%
DAVE:
-99.01%
SPY:
-55.19%
DAVE:
-83.34%
SPY:
-17.46%
Returns By Period
In the year-to-date period, DAVE achieves a -12.31% return, which is significantly higher than SPY's -13.68% return.
DAVE
-12.31%
-8.57%
78.38%
102.28%
N/A
N/A
SPY
-13.68%
-12.16%
-10.60%
-1.47%
14.70%
11.09%
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Risk-Adjusted Performance
DAVE vs. SPY — Risk-Adjusted Performance Rank
DAVE
SPY
DAVE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dave Inc. (DAVE) 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
DAVE vs. SPY - Dividend Comparison
DAVE has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.42%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAVE Dave Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DAVE vs. SPY - Drawdown Comparison
The maximum DAVE drawdown since its inception was -99.01%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DAVE and SPY. For additional features, visit the drawdowns tool.
Volatility
DAVE vs. SPY - Volatility Comparison
Dave Inc. (DAVE) has a higher volatility of 22.29% compared to SPDR S&P 500 ETF (SPY) at 9.22%. This indicates that DAVE'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.