Correlation
The correlation between ELP and SPY is 0.38, 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.
ELP vs. SPY
Compare and contrast key facts about Companhia Paranaense de Energia - COPEL (ELP) 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: ELP or SPY.
Performance
ELP vs. SPY - Performance Comparison
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Key characteristics
ELP:
1.00
SPY:
0.70
ELP:
1.49
SPY:
1.02
ELP:
1.18
SPY:
1.15
ELP:
0.54
SPY:
0.68
ELP:
2.88
SPY:
2.57
ELP:
10.86%
SPY:
4.93%
ELP:
31.80%
SPY:
20.42%
ELP:
-96.74%
SPY:
-55.19%
ELP:
-32.96%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ELP achieves a 54.44% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, ELP has underperformed SPY with an annualized return of 11.25%, while SPY has yielded a comparatively higher 12.73% annualized return.
ELP
54.44%
11.69%
44.94%
36.42%
9.58%
15.46%
11.25%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
ELP vs. SPY — Risk-Adjusted Performance Rank
ELP
SPY
ELP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Companhia Paranaense de Energia - COPEL (ELP) 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.
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Dividends
ELP vs. SPY - Dividend Comparison
ELP's dividend yield for the trailing twelve months is around 4.18%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELP Companhia Paranaense de Energia - COPEL | 4.18% | 4.17% | 1.87% | 10.44% | 4.35% | 2.89% | 1.57% | 6.92% | 5.74% | 2.98% | 4.04% | 5.89% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ELP vs. SPY - Drawdown Comparison
The maximum ELP drawdown since its inception was -96.74%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ELP and SPY.
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Volatility
ELP vs. SPY - Volatility Comparison
Companhia Paranaense de Energia - COPEL (ELP) has a higher volatility of 8.27% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that ELP'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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