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.
Correlation
The correlation between GECC and SPY is 0.15, 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
Key characteristics
GECC:
0.48
SPY:
2.25
GECC:
0.85
SPY:
2.99
GECC:
1.10
SPY:
1.42
GECC:
0.17
SPY:
3.34
GECC:
2.35
SPY:
14.72
GECC:
4.90%
SPY:
1.90%
GECC:
24.20%
SPY:
12.45%
GECC:
-78.52%
SPY:
-55.19%
GECC:
-60.89%
SPY:
-0.73%
Returns By Period
In the year-to-date period, GECC achieves a 11.69% return, which is significantly lower than SPY's 28.14% return.
GECC
11.69%
5.20%
3.24%
11.43%
-16.34%
N/A
SPY
28.14%
0.45%
10.77%
27.82%
15.01%
13.14%
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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 14.46%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GECC Great Elm Capital Corp. | 13.50% | 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 | 1.17% | 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 -78.52%, 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 6.12% compared to SPDR S&P 500 ETF (SPY) at 3.96%. 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.