FE vs. SPY
FE (FirstEnergy Corp.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FE returned 7.40%/yr vs 15.49%/yr for SPY. At a 0.35 correlation, their price movements are largely independent.
Performance
FE vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, FE achieves a 3.75% return, which is significantly lower than SPY's 10.91% return. Over the past 10 years, FE has underperformed SPY with an annualized return of 7.40%, while SPY has yielded a comparatively higher 15.49% annualized return.
FE
- 1D
- 0.49%
- 1M
- -1.65%
- YTD
- 3.75%
- 6M
- 2.70%
- 1Y
- 14.91%
- 3Y*
- 11.04%
- 5Y*
- 7.82%
- 10Y*
- 7.40%
SPY
- 1D
- -0.70%
- 1M
- 5.05%
- YTD
- 10.91%
- 6M
- 10.91%
- 1Y
- 27.98%
- 3Y*
- 22.35%
- 5Y*
- 13.83%
- 10Y*
- 15.49%
FE vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FE FirstEnergy Corp. | 3.75% | 17.26% | 13.24% | -8.86% | 4.79% | 41.81% | -34.18% | 34.13% | 27.85% | 3.61% |
SPY State Street SPDR S&P 500 ETF | 10.91% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between FE and SPY is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 1997 | 0.35 |
The correlation between FE and SPY shifts across timeframes, from -0.02 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FE vs. SPY — Risk / Return Rank
FE
SPY
FE vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FirstEnergy Corp. (FE) and State Street 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.
| FE | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.43 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 3.16 | -2.15 |
| Martin ratioReturn relative to average drawdown | 3.27 | 14.72 | -11.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FE | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.38 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.82 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.87 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.59 | -0.31 |
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.
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Drawdown Indicators
| FE | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.75% | -55.19% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.71% | -8.88% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.82% | -18.76% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -28.59% | -24.50% | -4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -47.68% | -33.72% | -13.96% |
Current DrawdownCurrent decline from peak | -11.37% | -0.70% | -10.67% |
Average DrawdownAverage peak-to-trough decline | -21.24% | -9.05% | -12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 1.91% | +2.71% |
Volatility
FE vs. SPY - Volatility Comparison
FirstEnergy Corp. (FE) has a higher volatility of 5.46% compared to State Street SPDR S&P 500 ETF (SPY) at 2.84%. 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.
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Volatility by Period
| FE | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 2.84% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 8.90% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 11.83% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.41% | 17.05% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 17.94% | +6.71% |
Dividends
FE vs. SPY - Dividend Comparison
FE's dividend yield for the trailing twelve months is around 3.95%, more than SPY's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FE FirstEnergy Corp. | 3.95% | 3.93% | 4.24% | 4.31% | 3.72% | 3.75% | 5.10% | 3.13% | 3.83% | 4.70% | 4.65% | 4.54% |
SPY State Street SPDR S&P 500 ETF | 0.98% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
FE and SPY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FE has higher volatility (5.46%) compared to SPY (2.84%). In terms of maximum drawdown, FE dropped -55.75% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (2.38 vs 1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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