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.
Performance
GBDC vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, GBDC achieves a 12.28% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, GBDC has underperformed SPY with an annualized return of 8.03%, while SPY has yielded a comparatively higher 13.07% annualized return.
GBDC
12.28%
0.58%
-1.85%
16.31%
7.38%
8.03%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| GBDC | SPY | |
|---|---|---|
| Sharpe Ratio | 1.27 | 2.69 |
| Sortino Ratio | 1.84 | 3.59 |
| Omega Ratio | 1.22 | 1.50 |
| Calmar Ratio | 1.08 | 3.89 |
| Martin Ratio | 2.54 | 17.53 |
| Ulcer Index | 6.75% | 1.87% |
| Daily Std Dev | 13.53% | 12.15% |
| Max Drawdown | -47.60% | -55.19% |
| Current Drawdown | -6.32% | -1.41% |
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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.
Risk-Adjusted Performance
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 11.85%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBDC Golub Capital BDC, Inc. | 11.85% | 10.00% | 9.35% | 7.58% | 8.37% | 6.99% | 8.49% | 7.47% | 8.32% | 7.70% | 7.14% | 6.70% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GBDC vs. SPY - Drawdown Comparison
The maximum GBDC drawdown since its inception was -47.60%, 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
Golub Capital BDC, Inc. (GBDC) and SPDR S&P 500 ETF (SPY) have volatilities of 4.28% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.