ELAN vs. SPY
Compare and contrast key facts about Elanco Animal Health Incorporated (ELAN) 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: ELAN or SPY.
Correlation
The correlation between ELAN and SPY is 0.48, 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.
Performance
ELAN vs. SPY - Performance Comparison
Key characteristics
ELAN:
-0.58
SPY:
0.50
ELAN:
0.12
SPY:
0.88
ELAN:
1.02
SPY:
1.13
ELAN:
-0.15
SPY:
0.56
ELAN:
-0.36
SPY:
2.17
ELAN:
31.73%
SPY:
4.85%
ELAN:
53.14%
SPY:
20.02%
ELAN:
-78.00%
SPY:
-55.19%
ELAN:
-67.43%
SPY:
-7.65%
Returns By Period
In the year-to-date period, ELAN achieves a -1.24% return, which is significantly higher than SPY's -3.42% return.
ELAN
-1.24%
27.51%
-15.00%
-30.47%
-9.65%
N/A
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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Risk-Adjusted Performance
ELAN vs. SPY — Risk-Adjusted Performance Rank
ELAN
SPY
ELAN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Elanco Animal Health Incorporated (ELAN) 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
ELAN vs. SPY - Dividend Comparison
ELAN has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELAN Elanco Animal Health Incorporated | 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 | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ELAN vs. SPY - Drawdown Comparison
The maximum ELAN drawdown since its inception was -78.00%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ELAN and SPY. For additional features, visit the drawdowns tool.
Volatility
ELAN vs. SPY - Volatility Comparison
Elanco Animal Health Incorporated (ELAN) has a higher volatility of 27.09% compared to SPDR S&P 500 ETF (SPY) at 7.48%. This indicates that ELAN'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.