GECC vs. SPY
Compare and contrast key facts about Great Elm Capital Corp. (GECC) 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: GECC or SPY.
Key characteristics
| GECC | SPY | |
|---|---|---|
| YTD Return | 6.70% | 26.49% |
| 1Y Return | 23.83% | 38.06% |
| 3Y Return (Ann) | -8.36% | 9.93% |
| 5Y Return (Ann) | -17.57% | 15.84% |
| Sharpe Ratio | 0.91 | 3.11 |
| Sortino Ratio | 1.40 | 4.14 |
| Omega Ratio | 1.17 | 1.58 |
| Calmar Ratio | 0.32 | 4.54 |
| Martin Ratio | 4.64 | 20.57 |
| Ulcer Index | 4.80% | 1.86% |
| Daily Std Dev | 24.57% | 12.29% |
| Max Drawdown | -78.53% | -55.19% |
| Current Drawdown | -62.72% | 0.00% |
Correlation
The correlation between GECC and SPY is 0.14, 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
GECC vs. SPY - Performance Comparison
In the year-to-date period, GECC achieves a 6.70% return, which is significantly lower than SPY's 26.49% 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
GECC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Great Elm Capital Corp. (GECC) 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
GECC vs. SPY - Dividend Comparison
GECC's dividend yield for the trailing twelve months is around 14.63%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GECC Great Elm Capital Corp. | 14.63% | 14.09% | 23.52% | 13.00% | 9.45% | 13.13% | 15.88% | 11.87% | 1.39% | 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
GECC vs. SPY - Drawdown Comparison
The maximum GECC drawdown since its inception was -78.53%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GECC and SPY. For additional features, visit the drawdowns tool.
Volatility
GECC vs. SPY - Volatility Comparison
Great Elm Capital Corp. (GECC) has a higher volatility of 6.85% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that GECC'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.