FTV vs. SPY
Compare and contrast key facts about Fortive Corporation (FTV) 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: FTV or SPY.
Performance
FTV vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, FTV achieves a 4.84% return, which is significantly lower than SPY's 26.08% return.
FTV
4.84%
1.44%
2.03%
13.80%
5.87%
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| FTV | SPY | |
|---|---|---|
| Sharpe Ratio | 0.68 | 2.70 |
| Sortino Ratio | 1.03 | 3.60 |
| Omega Ratio | 1.14 | 1.50 |
| Calmar Ratio | 0.66 | 3.90 |
| Martin Ratio | 1.34 | 17.52 |
| Ulcer Index | 10.96% | 1.87% |
| Daily Std Dev | 21.69% | 12.14% |
| Max Drawdown | -52.65% | -55.19% |
| Current Drawdown | -10.63% | -0.85% |
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Correlation
The correlation between FTV and SPY is 0.66, 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.
Risk-Adjusted Performance
FTV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortive Corporation (FTV) 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
FTV vs. SPY - Dividend Comparison
FTV's dividend yield for the trailing twelve months is around 0.31%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTV Fortive Corporation | 0.31% | 0.39% | 0.44% | 0.37% | 0.35% | 0.37% | 0.41% | 0.39% | 0.26% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FTV vs. SPY - Drawdown Comparison
The maximum FTV drawdown since its inception was -52.65%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FTV and SPY. For additional features, visit the drawdowns tool.
Volatility
FTV vs. SPY - Volatility Comparison
Fortive Corporation (FTV) has a higher volatility of 6.89% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that FTV'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.