ERIE vs. SPY
Compare and contrast key facts about Erie Indemnity Company (ERIE) 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: ERIE or SPY.
Key characteristics
| ERIE | SPY | |
|---|---|---|
| YTD Return | 27.61% | 27.16% |
| 1Y Return | 53.54% | 37.73% |
| 3Y Return (Ann) | 24.83% | 10.28% |
| 5Y Return (Ann) | 20.84% | 15.97% |
| 10Y Return (Ann) | 20.33% | 13.38% |
| Sharpe Ratio | 1.96 | 3.25 |
| Sortino Ratio | 2.74 | 4.32 |
| Omega Ratio | 1.37 | 1.61 |
| Calmar Ratio | 2.07 | 4.74 |
| Martin Ratio | 7.11 | 21.51 |
| Ulcer Index | 7.55% | 1.85% |
| Daily Std Dev | 27.41% | 12.20% |
| Max Drawdown | -50.74% | -55.19% |
| Current Drawdown | -22.37% | 0.00% |
Correlation
The correlation between ERIE and SPY is 0.36, 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
ERIE vs. SPY - Performance Comparison
The year-to-date returns for both stocks are quite close, with ERIE having a 27.61% return and SPY slightly lower at 27.16%. Over the past 10 years, ERIE has outperformed SPY with an annualized return of 20.33%, while SPY has yielded a comparatively lower 13.38% 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
ERIE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Erie Indemnity Company (ERIE) 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
ERIE vs. SPY - Dividend Comparison
ERIE's dividend yield for the trailing twelve months is around 1.21%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | 1.21% | 1.42% | 1.79% | 2.15% | 2.39% | 2.17% | 2.52% | 2.57% | 1.95% | 3.61% | 2.80% | 2.43% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ERIE vs. SPY - Drawdown Comparison
The maximum ERIE drawdown since its inception was -50.74%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ERIE and SPY. For additional features, visit the drawdowns tool.
Volatility
ERIE vs. SPY - Volatility Comparison
Erie Indemnity Company (ERIE) has a higher volatility of 11.90% compared to SPDR S&P 500 ETF (SPY) at 3.92%. This indicates that ERIE'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.