Correlation
The correlation between ESLT and SPY is 0.35, 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.
ESLT vs. SPY
Compare and contrast key facts about Elbit Systems Ltd (ESLT) 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: ESLT or SPY.
Performance
ESLT vs. SPY - Performance Comparison
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Key characteristics
ESLT:
3.66
SPY:
0.67
ESLT:
4.12
SPY:
1.03
ESLT:
1.60
SPY:
1.15
ESLT:
3.98
SPY:
0.69
ESLT:
25.75
SPY:
2.61
ESLT:
4.07%
SPY:
4.92%
ESLT:
30.70%
SPY:
20.44%
ESLT:
-53.77%
SPY:
-55.19%
ESLT:
-3.79%
SPY:
-3.44%
Returns By Period
In the year-to-date period, ESLT achieves a 56.44% return, which is significantly higher than SPY's 0.98% return. Over the past 10 years, ESLT has outperformed SPY with an annualized return of 19.80%, while SPY has yielded a comparatively lower 12.73% annualized return.
ESLT
56.44%
3.81%
65.41%
111.30%
28.36%
24.71%
19.80%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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Risk-Adjusted Performance
ESLT vs. SPY — Risk-Adjusted Performance Rank
ESLT
SPY
ESLT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) 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.
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Dividends
ESLT vs. SPY - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.52%, less than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.52% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% | 2.07% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ESLT vs. SPY - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.77%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ESLT and SPY.
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Volatility
ESLT vs. SPY - Volatility Comparison
Elbit Systems Ltd (ESLT) has a higher volatility of 13.77% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that ESLT'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.
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