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.
Key characteristics
ELP | SPY | |
---|---|---|
YTD Return | -13.12% | 6.58% |
1Y Return | 20.74% | 25.57% |
3Y Return (Ann) | 29.45% | 8.08% |
5Y Return (Ann) | 17.09% | 13.25% |
10Y Return (Ann) | 7.95% | 12.38% |
Sharpe Ratio | 0.71 | 2.13 |
Daily Std Dev | 28.34% | 11.60% |
Max Drawdown | -88.81% | -55.19% |
Current Drawdown | -14.72% | -3.47% |
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.
Performance
ELP vs. SPY - Performance Comparison
In the year-to-date period, ELP achieves a -13.12% return, which is significantly lower than SPY's 6.58% return. Over the past 10 years, ELP has underperformed SPY with an annualized return of 7.95%, while SPY has yielded a comparatively higher 12.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
ELP vs. SPY - Dividend Comparison
ELP's dividend yield for the trailing twelve months is around 2.65%, more than SPY's 1.33% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Companhia Paranaense de Energia - COPEL | 2.65% | 1.87% | 12.75% | 12.48% | 3.53% | 1.92% | 8.45% | 7.01% | 3.64% | 4.94% | 7.20% | 6.96% |
SPDR S&P 500 ETF | 1.33% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ELP vs. SPY - Drawdown Comparison
The maximum ELP drawdown since its inception was -88.81%, 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. For additional features, visit the drawdowns tool.
Volatility
ELP vs. SPY - Volatility Comparison
Companhia Paranaense de Energia - COPEL (ELP) has a higher volatility of 9.39% compared to SPDR S&P 500 ETF (SPY) at 4.03%. 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.