ETN vs. SPY
Compare and contrast key facts about Eaton Corporation plc (ETN) 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: ETN or SPY.
Key characteristics
| ETN | SPY | |
|---|---|---|
| YTD Return | 31.33% | 6.58% |
| 1Y Return | 85.88% | 25.57% |
| 3Y Return (Ann) | 32.24% | 8.08% |
| 5Y Return (Ann) | 33.63% | 13.25% |
| 10Y Return (Ann) | 19.11% | 12.38% |
| Sharpe Ratio | 3.41 | 2.13 |
| Daily Std Dev | 25.22% | 11.60% |
| Max Drawdown | -68.95% | -55.19% |
| Current Drawdown | -4.61% | -3.47% |
Correlation
The correlation between ETN and SPY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ETN vs. SPY - Performance Comparison
In the year-to-date period, ETN achieves a 31.33% return, which is significantly higher than SPY's 6.58% return. Over the past 10 years, ETN has outperformed SPY with an annualized return of 19.11%, while SPY has yielded a comparatively lower 12.38% 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
ETN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Corporation plc (ETN) 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
ETN vs. SPY - Dividend Comparison
ETN's dividend yield for the trailing twelve months is around 1.41%, more than SPY's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETN Eaton Corporation plc | 1.41% | 1.43% | 2.06% | 1.76% | 2.43% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% | 2.88% | 2.21% |
SPY SPDR S&P 500 ETF | 1.33% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ETN vs. SPY - Drawdown Comparison
The maximum ETN drawdown since its inception was -68.95%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETN and SPY. For additional features, visit the drawdowns tool.
Volatility
ETN vs. SPY - Volatility Comparison
Eaton Corporation plc (ETN) has a higher volatility of 7.98% compared to SPDR S&P 500 ETF (SPY) at 3.86%. This indicates that ETN'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.