FITB vs. SPY
Compare and contrast key facts about Fifth Third Bancorp (FITB) 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: FITB or SPY.
Key characteristics
| FITB | SPY | |
|---|---|---|
| YTD Return | 12.90% | 11.74% |
| 1Y Return | 60.50% | 28.12% |
| 3Y Return (Ann) | 0.99% | 10.36% |
| 5Y Return (Ann) | 11.57% | 14.97% |
| 10Y Return (Ann) | 10.36% | 12.97% |
| Sharpe Ratio | 1.91 | 2.56 |
| Daily Std Dev | 31.37% | 11.48% |
| Max Drawdown | -98.13% | -55.19% |
| Current Drawdown | -16.00% | -0.06% |
Correlation
The correlation between FITB and SPY is 0.57, 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
FITB vs. SPY - Performance Comparison
In the year-to-date period, FITB achieves a 12.90% return, which is significantly higher than SPY's 11.74% return. Over the past 10 years, FITB has underperformed SPY with an annualized return of 10.36%, while SPY has yielded a comparatively higher 12.97% 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
FITB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fifth Third Bancorp (FITB) 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
FITB vs. SPY - Dividend Comparison
FITB's dividend yield for the trailing twelve months is around 3.58%, more than SPY's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITB Fifth Third Bancorp | 3.58% | 3.94% | 3.84% | 2.62% | 3.92% | 3.06% | 3.14% | 1.98% | 1.97% | 2.59% | 2.50% | 2.23% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FITB vs. SPY - Drawdown Comparison
The maximum FITB drawdown since its inception was -98.13%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FITB and SPY. For additional features, visit the drawdowns tool.
Volatility
FITB vs. SPY - Volatility Comparison
Fifth Third Bancorp (FITB) has a higher volatility of 7.09% compared to SPDR S&P 500 ETF (SPY) at 3.37%. This indicates that FITB'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.