Correlation
The correlation between ESSA and SPYG 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.
ESSA vs. SPYG
Compare and contrast key facts about ESSA Bancorp, Inc. (ESSA) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESSA or SPYG.
Performance
ESSA vs. SPYG - Performance Comparison
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Key characteristics
ESSA:
0.29
SPYG:
0.82
ESSA:
0.58
SPYG:
1.15
ESSA:
1.07
SPYG:
1.16
ESSA:
0.39
SPYG:
0.82
ESSA:
0.91
SPYG:
2.75
ESSA:
9.51%
SPYG:
6.63%
ESSA:
34.01%
SPYG:
25.18%
ESSA:
-40.00%
SPYG:
-67.79%
ESSA:
-16.44%
SPYG:
-2.78%
Returns By Period
In the year-to-date period, ESSA achieves a -4.95% return, which is significantly lower than SPYG's 2.18% return. Over the past 10 years, ESSA has underperformed SPYG with an annualized return of 6.74%, while SPYG has yielded a comparatively higher 14.90% annualized return.
ESSA
-4.95%
-0.43%
-9.66%
10.29%
8.76%
8.47%
6.74%
SPYG
2.18%
8.10%
3.01%
20.35%
17.35%
16.74%
14.90%
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Risk-Adjusted Performance
ESSA vs. SPYG — Risk-Adjusted Performance Rank
ESSA
SPYG
ESSA vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ESSA Bancorp, Inc. (ESSA) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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
ESSA vs. SPYG - Dividend Comparison
ESSA's dividend yield for the trailing twelve months is around 3.26%, more than SPYG's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESSA ESSA Bancorp, Inc. | 3.26% | 3.08% | 3.00% | 2.73% | 2.77% | 2.93% | 2.42% | 2.37% | 2.30% | 2.29% | 2.63% | 2.33% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.60% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
ESSA vs. SPYG - Drawdown Comparison
The maximum ESSA drawdown since its inception was -40.00%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for ESSA and SPYG.
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Volatility
ESSA vs. SPYG - Volatility Comparison
ESSA Bancorp, Inc. (ESSA) has a higher volatility of 6.83% compared to SPDR Portfolio S&P 500 Growth ETF (SPYG) at 5.58%. This indicates that ESSA's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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