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 0.39, 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:
-0.43
SPY:
0.56
GBDC:
-0.50
SPY:
0.92
GBDC:
0.94
SPY:
1.14
GBDC:
-0.48
SPY:
0.59
GBDC:
-1.07
SPY:
2.32
GBDC:
7.60%
SPY:
4.80%
GBDC:
18.70%
SPY:
20.01%
GBDC:
-48.15%
SPY:
-55.19%
GBDC:
-9.69%
SPY:
-8.17%
Returns By Period
The year-to-date returns for both investments are quite close, with GBDC having a -4.08% return and SPY slightly higher at -3.97%. Over the past 10 years, GBDC has underperformed SPY with an annualized return of 7.45%, while SPY has yielded a comparatively higher 12.19% annualized return.
GBDC
-4.08%
5.98%
-2.75%
-7.78%
16.30%
7.45%
SPY
-3.97%
11.26%
-4.45%
9.89%
15.66%
12.19%
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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 9.73%, more than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBDC Golub Capital BDC, Inc. | 9.73% | 12.14% | 10.00% | 9.35% | 7.58% | 8.37% | 5.91% | 8.49% | 7.47% | 8.32% | 7.70% | 7.14% |
SPY SPDR S&P 500 ETF | 1.28% | 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 -48.15%, 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 10.77%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.55%. 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.