DQ vs. SPY
Compare and contrast key facts about Daqo New Energy Corp. (DQ) 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: DQ or SPY.
Correlation
The correlation between DQ and SPY is 0.32, 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
DQ vs. SPY - Performance Comparison
Key characteristics
DQ:
-0.32
SPY:
2.21
DQ:
0.03
SPY:
2.93
DQ:
1.00
SPY:
1.41
DQ:
-0.28
SPY:
3.26
DQ:
-0.75
SPY:
14.43
DQ:
32.86%
SPY:
1.90%
DQ:
77.12%
SPY:
12.41%
DQ:
-94.98%
SPY:
-55.19%
DQ:
-85.89%
SPY:
-2.74%
Returns By Period
In the year-to-date period, DQ achieves a -34.17% return, which is significantly lower than SPY's 25.54% return. Both investments have delivered pretty close results over the past 10 years, with DQ having a 12.39% annualized return and SPY not far ahead at 12.97%.
DQ
-34.17%
-12.97%
-1.90%
-30.87%
11.89%
12.39%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
DQ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Daqo New Energy Corp. (DQ) 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
DQ vs. SPY - Dividend Comparison
DQ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DQ Daqo New Energy Corp. | 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 | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DQ vs. SPY - Drawdown Comparison
The maximum DQ drawdown since its inception was -94.98%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DQ and SPY. For additional features, visit the drawdowns tool.
Volatility
DQ vs. SPY - Volatility Comparison
Daqo New Energy Corp. (DQ) has a higher volatility of 20.16% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that DQ'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.