FHB vs. SPY
Compare and contrast key facts about First Hawaiian, Inc. (FHB) 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: FHB or SPY.
Key characteristics
| FHB | SPY | |
|---|---|---|
| YTD Return | 5.44% | 18.37% |
| 1Y Return | 37.33% | 26.96% |
| 3Y Return (Ann) | 0.06% | 9.40% |
| 5Y Return (Ann) | 1.14% | 15.01% |
| Sharpe Ratio | 1.47 | 2.14 |
| Daily Std Dev | 26.51% | 12.67% |
| Max Drawdown | -55.51% | -55.19% |
| Current Drawdown | -14.72% | -1.02% |
Correlation
The correlation between FHB and SPY is 0.47, 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
FHB vs. SPY - Performance Comparison
In the year-to-date period, FHB achieves a 5.44% return, which is significantly lower than SPY's 18.37% 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
FHB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Hawaiian, Inc. (FHB) 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
FHB vs. SPY - Dividend Comparison
FHB's dividend yield for the trailing twelve months is around 4.47%, more than SPY's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHB First Hawaiian, Inc. | 4.47% | 4.55% | 3.99% | 3.81% | 4.41% | 3.60% | 4.26% | 3.02% | 0.57% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FHB vs. SPY - Drawdown Comparison
The maximum FHB drawdown since its inception was -55.51%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FHB and SPY. For additional features, visit the drawdowns tool.
Volatility
FHB vs. SPY - Volatility Comparison
First Hawaiian, Inc. (FHB) has a higher volatility of 6.75% compared to SPDR S&P 500 ETF (SPY) at 4.24%. This indicates that FHB'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.