DNNGY vs. SPY
DNNGY (Orsted A/S ADR) 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 5 years, DNNGY returned -30.66%/yr vs 13.24%/yr for SPY. At a 0.27 correlation, their price movements are largely independent.
Performance
DNNGY vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, DNNGY achieves a 18.73% return, which is significantly higher than SPY's 10.67% return.
DNNGY
- 1D
- -0.93%
- 1M
- -1.90%
- 6M
- 11.14%
- YTD
- 18.73%
- 1Y
- -51.62%
- 3Y*
- -38.03%
- 5Y*
- -30.66%
- 10Y*
- —
SPY
- 1D
- -0.54%
- 1M
- 0.31%
- 6M
- 9.02%
- YTD
- 10.67%
- 1Y
- 21.60%
- 3Y*
- 20.01%
- 5Y*
- 13.24%
- 10Y*
- 15.08%
DNNGY vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DNNGY Orsted A/S ADR | 18.73% | -57.80% | -18.99% | -37.54% | -28.26% | -36.76% | 99.06% | 59.41% | 22.43% | -8.66% |
SPY State Street SPDR S&P 500 ETF | 10.67% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 4.32% |
Correlation
The correlation between DNNGY and SPY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.27 |
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Return for Risk
DNNGY vs. SPY — Risk / Return Rank
DNNGY
SPY
DNNGY vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orsted A/S ADR (DNNGY) 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.
| DNNGY | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.31 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.44 | -3.12 |
| Martin ratioReturn relative to average drawdown | -0.85 | 10.63 | -11.48 |
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Drawdowns
DNNGY vs. SPY - Drawdown Comparison
The maximum DNNGY drawdown since its inception was -91.94%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DNNGY and SPY.
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Drawdown Indicators
| DNNGY | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.94% | -55.19% | -36.75% |
Max Drawdown (1Y)Largest decline over 1 year | -76.54% | -8.88% | -67.66% |
Max Drawdown (3Y)Largest decline over 3 years | -81.64% | -18.76% | -62.88% |
Max Drawdown (5Y)Largest decline over 5 years | -89.18% | -24.50% | -64.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -89.53% | -0.91% | -88.62% |
Average DrawdownAverage peak-to-trough decline | -42.30% | -9.02% | -33.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.10% | 2.04% | +59.06% |
Volatility
DNNGY vs. SPY - Volatility Comparison
Orsted A/S ADR (DNNGY) has a higher volatility of 9.02% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that DNNGY'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
| DNNGY | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.02% | 3.58% | +5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 26.69% | 10.02% | +16.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.69% | 12.58% | +77.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.03% | 17.17% | +40.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.76% | 17.93% | +31.83% |
Dividends
DNNGY vs. SPY - Dividend Comparison
DNNGY has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNNGY Orsted A/S ADR | 0.00% | 0.00% | 0.00% | 3.56% | 2.09% | 1.46% | 0.48% | 0.89% | 1.43% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 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
DNNGY and SPY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DNNGY has higher volatility (9.02%) compared to SPY (3.58%). In terms of maximum drawdown, DNNGY dropped -91.94% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.72 vs -0.58), 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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