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 0.14, 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
Key characteristics
GECC:
0.93
SPY:
0.54
GECC:
1.49
SPY:
0.90
GECC:
1.20
SPY:
1.13
GECC:
0.36
SPY:
0.57
GECC:
4.64
SPY:
2.24
GECC:
5.16%
SPY:
4.82%
GECC:
25.01%
SPY:
20.02%
GECC:
-78.52%
SPY:
-55.19%
GECC:
-57.52%
SPY:
-7.53%
Returns By Period
In the year-to-date period, GECC achieves a 2.01% return, which is significantly higher than SPY's -3.30% return.
GECC
2.01%
17.59%
13.69%
23.00%
1.05%
N/A
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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Risk-Adjusted Performance
GECC vs. SPY — Risk-Adjusted Performance Rank
GECC
SPY
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 13.57%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GECC Great Elm Capital Corp. | 13.57% | 13.19% | 14.09% | 23.52% | 13.00% | 9.45% | 13.13% | 15.88% | 11.87% | 1.39% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
The current volatility for Great Elm Capital Corp. (GECC) is 8.49%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that GECC 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.