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.
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
Key characteristics
ERIE:
1.07
SPY:
2.21
ERIE:
1.65
SPY:
2.93
ERIE:
1.22
SPY:
1.41
ERIE:
1.12
SPY:
3.26
ERIE:
2.72
SPY:
14.43
ERIE:
10.73%
SPY:
1.90%
ERIE:
27.39%
SPY:
12.41%
ERIE:
-50.74%
SPY:
-55.19%
ERIE:
-23.38%
SPY:
-2.74%
Returns By Period
The year-to-date returns for both stocks are quite close, with ERIE having a 25.96% return and SPY slightly lower at 25.54%. Over the past 10 years, ERIE has outperformed SPY with an annualized return of 19.37%, while SPY has yielded a comparatively lower 12.97% annualized return.
ERIE
25.96%
-0.71%
16.68%
27.98%
22.24%
19.37%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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 1.22%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | 1.22% | 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 | 0.86% | 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 8.20% compared to SPDR S&P 500 ETF (SPY) at 3.72%. 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.