DOW vs. SPY
Compare and contrast key facts about Dow Inc. (DOW) 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: DOW or SPY.
Performance
DOW vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, DOW achieves a -15.14% return, which is significantly lower than SPY's 26.08% return.
DOW
-15.14%
-13.94%
-19.25%
-8.21%
1.39%
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| DOW | SPY | |
|---|---|---|
| Sharpe Ratio | -0.44 | 2.70 |
| Sortino Ratio | -0.50 | 3.60 |
| Omega Ratio | 0.94 | 1.50 |
| Calmar Ratio | -0.30 | 3.90 |
| Martin Ratio | -1.01 | 17.52 |
| Ulcer Index | 8.70% | 1.87% |
| Daily Std Dev | 20.06% | 12.14% |
| Max Drawdown | -60.87% | -55.19% |
| Current Drawdown | -27.85% | -0.85% |
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Correlation
The correlation between DOW and SPY is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
DOW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Inc. (DOW) 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
DOW vs. SPY - Dividend Comparison
DOW's dividend yield for the trailing twelve months is around 6.25%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOW Dow Inc. | 6.25% | 5.11% | 5.56% | 4.94% | 5.05% | 3.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
DOW vs. SPY - Drawdown Comparison
The maximum DOW drawdown since its inception was -60.87%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DOW and SPY. For additional features, visit the drawdowns tool.
Volatility
DOW vs. SPY - Volatility Comparison
Dow Inc. (DOW) has a higher volatility of 7.21% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that DOW'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.