DEA vs. SPY
DEA (Easterly Government Properties, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, DEA returned -0.55%/yr vs 15.29%/yr for SPY. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
DEA vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, DEA achieves a 24.80% return, which is significantly higher than SPY's 13.71% return. Over the past 10 years, DEA has underperformed SPY with an annualized return of -0.55%, while SPY has yielded a comparatively higher 15.29% annualized return.
DEA
- 1D
- 0.55%
- 1M
- -0.43%
- 6M
- 13.35%
- YTD
- 24.80%
- 1Y
- 23.67%
- 3Y*
- -3.20%
- 5Y*
- -8.08%
- 10Y*
- -0.55%
- ALL TIME*
- 1.83%
SPY
- 1D
- 1.80%
- 1M
- 3.56%
- 6M
- 12.46%
- YTD
- 13.71%
- 1Y
- 23.56%
- 3Y*
- 21.46%
- 5Y*
- 13.31%
- 10Y*
- 15.29%
- ALL TIME*
- 10.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.03M | $9.09M | $9.80M | |
| $40.91B | $36.93B | $39.82B |
DEA vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEA Easterly Government Properties, Inc. | 24.80% | -18.63% | -7.95% | 1.82% | -34.04% | 6.32% | -0.31% | 59.49% | -22.49% | 11.89% |
SPY State Street SPDR S&P 500 ETF | 13.71% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between DEA and SPY is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2015 | 0.35 |
Over the past year, the correlation between DEA and SPY has dropped to 0.12 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
DEA vs. SPY — Risk / Return Rank
DEA
SPY
DEA vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Easterly Government Properties, Inc. (DEA) and State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DEA | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.33 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.66 | -0.54 |
| Martin ratioReturn relative to average drawdown | 4.92 | 11.36 | -6.44 |
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Drawdowns
DEA vs. SPY - Drawdown Comparison
The maximum DEA drawdown since its inception was -62.19%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DEA and SPY.
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Drawdown Indicators
| DEA | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.19% | -55.19% | -7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -8.88% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -42.24% | -18.76% | -23.48% |
Max Drawdown (5Y)Largest decline over 5 years | -56.38% | -24.50% | -31.88% |
Max Drawdown (10Y)Largest decline over 10 years | -62.19% | -33.72% | -28.47% |
Current DrawdownCurrent decline from peak | -46.69% | 0.00% | -46.69% |
Average DrawdownAverage peak-to-trough decline | -23.27% | -9.01% | -14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.82% | 2.08% | +2.74% |
Volatility
DEA vs. SPY - Volatility Comparison
Easterly Government Properties, Inc. (DEA) has a higher volatility of 6.01% compared to State Street SPDR S&P 500 ETF (SPY) at 4.13%. This indicates that DEA'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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Volatility by Period
| DEA | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 4.13% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 10.36% | +4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.48% | 12.96% | +8.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.84% | 17.21% | +7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.32% | 17.97% | +6.35% |
Dividends
DEA vs. SPY - Dividend Comparison
DEA's dividend yield for the trailing twelve months is around 7.08%, more than SPY's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEA Easterly Government Properties, Inc. | 7.08% | 9.50% | 9.33% | 7.89% | 7.43% | 4.58% | 4.59% | 4.38% | 6.63% | 4.69% | 4.60% | 3.14% |
SPY State Street SPDR S&P 500 ETF | 0.98% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
DEA and SPY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEA has higher volatility (6.01%) compared to SPY (4.13%). In terms of maximum drawdown, DEA dropped -62.19% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.84 vs 1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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