GBDC vs. SPY
Compare and contrast key facts about Golub Capital BDC, Inc. (GBDC) 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: GBDC or SPY.
Correlation
The correlation between GBDC and SPY is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GBDC vs. SPY - Performance Comparison
Key characteristics
GBDC:
0.86
SPY:
2.12
GBDC:
1.30
SPY:
2.81
GBDC:
1.15
SPY:
1.39
GBDC:
0.75
SPY:
3.21
GBDC:
1.66
SPY:
13.42
GBDC:
7.18%
SPY:
2.01%
GBDC:
13.81%
SPY:
12.78%
GBDC:
-47.58%
SPY:
-55.19%
GBDC:
-3.24%
SPY:
-0.29%
Returns By Period
In the year-to-date period, GBDC achieves a 2.77% return, which is significantly lower than SPY's 3.73% return. Over the past 10 years, GBDC has underperformed SPY with an annualized return of 8.13%, while SPY has yielded a comparatively higher 13.76% annualized return.
GBDC
2.77%
1.50%
6.90%
12.23%
7.50%
8.13%
SPY
3.73%
1.10%
12.39%
26.33%
15.23%
13.76%
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Risk-Adjusted Performance
GBDC vs. SPY — Risk-Adjusted Performance Rank
GBDC
SPY
GBDC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Golub Capital BDC, Inc. (GBDC) 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
GBDC vs. SPY - Dividend Comparison
GBDC's dividend yield for the trailing twelve months is around 11.81%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBDC Golub Capital BDC, Inc. | 11.81% | 12.14% | 10.00% | 9.35% | 7.58% | 8.37% | 6.99% | 8.49% | 7.47% | 8.32% | 7.70% | 7.14% |
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
GBDC vs. SPY - Drawdown Comparison
The maximum GBDC drawdown since its inception was -47.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GBDC and SPY. For additional features, visit the drawdowns tool.
Volatility
GBDC vs. SPY - Volatility Comparison
The current volatility for Golub Capital BDC, Inc. (GBDC) is 3.36%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.00%. This indicates that GBDC experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.