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:
0.43
SPY:
1.97
ERIE:
0.81
SPY:
2.64
ERIE:
1.11
SPY:
1.36
ERIE:
0.42
SPY:
2.97
ERIE:
0.87
SPY:
12.34
ERIE:
14.54%
SPY:
2.03%
ERIE:
29.54%
SPY:
12.68%
ERIE:
-50.74%
SPY:
-55.19%
ERIE:
-28.20%
SPY:
-0.01%
Returns By Period
In the year-to-date period, ERIE achieves a -5.33% return, which is significantly lower than SPY's 4.03% return. Over the past 10 years, ERIE has outperformed SPY with an annualized return of 18.28%, while SPY has yielded a comparatively lower 13.18% annualized return.
ERIE
-5.33%
-4.10%
-18.25%
9.44%
21.69%
18.28%
SPY
4.03%
2.03%
9.65%
23.63%
14.28%
13.18%
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Risk-Adjusted Performance
ERIE vs. SPY — Risk-Adjusted Performance Rank
ERIE
SPY
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 1.33%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | 1.33% | 1.24% | 1.42% | 1.79% | 2.15% | 2.39% | 2.17% | 2.52% | 2.57% | 1.95% | 3.61% | 2.80% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 11.14% compared to SPDR S&P 500 ETF (SPY) at 3.15%. 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.