FE vs. SPY
Compare and contrast key facts about FirstEnergy Corp. (FE) 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: FE or SPY.
Key characteristics
FE | SPY | |
---|---|---|
YTD Return | 5.67% | 6.66% |
1Y Return | -2.79% | 26.26% |
3Y Return (Ann) | 5.65% | 8.24% |
5Y Return (Ann) | 2.52% | 13.33% |
10Y Return (Ann) | 5.34% | 12.52% |
Sharpe Ratio | -0.11 | 2.06 |
Daily Std Dev | 18.89% | 11.78% |
Max Drawdown | -55.75% | -55.19% |
Current Drawdown | -14.19% | -3.39% |
Correlation
The correlation between FE and SPY is 0.38, 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
FE vs. SPY - Performance Comparison
In the year-to-date period, FE achieves a 5.67% return, which is significantly lower than SPY's 6.66% return. Over the past 10 years, FE has underperformed SPY with an annualized return of 5.34%, while SPY has yielded a comparatively higher 12.52% 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
FE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FirstEnergy Corp. (FE) 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
FE vs. SPY - Dividend Comparison
FE's dividend yield for the trailing twelve months is around 4.18%, more than SPY's 1.33% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FirstEnergy Corp. | 4.18% | 4.31% | 3.72% | 3.75% | 5.10% | 3.13% | 3.83% | 4.70% | 4.65% | 4.54% | 3.69% | 6.67% |
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
FE vs. SPY - Drawdown Comparison
The maximum FE drawdown since its inception was -55.75%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FE and SPY. For additional features, visit the drawdowns tool.
Volatility
FE vs. SPY - Volatility Comparison
FirstEnergy Corp. (FE) has a higher volatility of 4.51% compared to SPDR S&P 500 ETF (SPY) at 3.54%. This indicates that FE'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.