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 | 22.25% | 9.92% |
| 1Y Return | 76.74% | 28.21% |
| 3Y Return (Ann) | 28.83% | 9.55% |
| 5Y Return (Ann) | 17.93% | 14.41% |
| 10Y Return (Ann) | 21.23% | 12.64% |
| Sharpe Ratio | 2.66 | 2.43 |
| Daily Std Dev | 29.18% | 11.50% |
| Max Drawdown | -50.74% | -55.19% |
| Current Drawdown | -2.27% | -0.45% |
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
In the year-to-date period, ERIE achieves a 22.25% return, which is significantly higher than SPY's 9.92% return. Over the past 10 years, ERIE has outperformed SPY with an annualized return of 21.23%, while SPY has yielded a comparatively lower 12.64% 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%, less than SPY's 1.29% 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% | 2.37% | 2.15% | 2.50% | 2.55% | 1.93% | 3.58% | 2.78% | 2.41% |
SPY SPDR S&P 500 ETF | 1.29% | 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 4.40% compared to SPDR S&P 500 ETF (SPY) at 3.91%. 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.