FHN vs. SPY
Compare and contrast key facts about First Horizon Corporation (FHN) 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: FHN or SPY.
Correlation
The correlation between FHN and SPY is 0.52, 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
FHN vs. SPY - Performance Comparison
Key characteristics
FHN:
1.94
SPY:
1.88
FHN:
2.98
SPY:
2.53
FHN:
1.37
SPY:
1.35
FHN:
1.42
SPY:
2.83
FHN:
10.35
SPY:
11.74
FHN:
5.91%
SPY:
2.02%
FHN:
31.62%
SPY:
12.64%
FHN:
-87.57%
SPY:
-55.19%
FHN:
-8.24%
SPY:
-0.42%
Returns By Period
In the year-to-date period, FHN achieves a 6.95% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, FHN has underperformed SPY with an annualized return of 7.57%, while SPY has yielded a comparatively higher 13.18% annualized return.
FHN
6.95%
0.61%
37.89%
59.18%
10.44%
7.57%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
FHN vs. SPY — Risk-Adjusted Performance Rank
FHN
SPY
FHN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Horizon Corporation (FHN) 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
FHN vs. SPY - Dividend Comparison
FHN's dividend yield for the trailing twelve months is around 2.79%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHN First Horizon Corporation | 2.79% | 2.98% | 4.24% | 2.45% | 3.67% | 4.70% | 3.38% | 3.65% | 1.80% | 1.40% | 1.65% | 1.47% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FHN vs. SPY - Drawdown Comparison
The maximum FHN drawdown since its inception was -87.57%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FHN and SPY. For additional features, visit the drawdowns tool.
Volatility
FHN vs. SPY - Volatility Comparison
First Horizon Corporation (FHN) has a higher volatility of 5.85% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that FHN'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.