GGAL vs. SPY
Compare and contrast key facts about Grupo Financiero Galicia S.A. (GGAL) 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: GGAL or SPY.
Key characteristics
| GGAL | SPY | |
|---|---|---|
| YTD Return | 210.70% | 23.09% |
| 1Y Return | 343.33% | 35.46% |
| 3Y Return (Ann) | 81.17% | 11.82% |
| 5Y Return (Ann) | 36.80% | 16.17% |
| 10Y Return (Ann) | 18.58% | 13.96% |
| Sharpe Ratio | 5.68 | 2.79 |
| Sortino Ratio | 4.90 | 3.73 |
| Omega Ratio | 1.60 | 1.51 |
| Calmar Ratio | 4.06 | 2.97 |
| Martin Ratio | 36.38 | 17.29 |
| Ulcer Index | 9.14% | 2.00% |
| Daily Std Dev | 58.57% | 12.42% |
| Max Drawdown | -98.98% | -55.19% |
| Current Drawdown | -12.68% | 0.00% |
Correlation
The correlation between GGAL and SPY is 0.34, 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
GGAL vs. SPY - Performance Comparison
In the year-to-date period, GGAL achieves a 210.70% return, which is significantly higher than SPY's 23.09% return. Over the past 10 years, GGAL has outperformed SPY with an annualized return of 18.58%, while SPY has yielded a comparatively lower 13.96% annualized 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
GGAL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Financiero Galicia S.A. (GGAL) 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
GGAL vs. SPY - Dividend Comparison
GGAL's dividend yield for the trailing twelve months is around 4.77%, more than SPY's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGAL Grupo Financiero Galicia S.A. | 4.77% | 6.49% | 4.62% | 0.68% | 0.87% | 1.89% | 1.31% | 0.18% | 0.30% | 0.32% | 0.23% | 0.35% |
SPY SPDR S&P 500 ETF | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GGAL vs. SPY - Drawdown Comparison
The maximum GGAL drawdown since its inception was -98.98%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GGAL and SPY. For additional features, visit the drawdowns tool.
Volatility
GGAL vs. SPY - Volatility Comparison
Grupo Financiero Galicia S.A. (GGAL) has a higher volatility of 12.19% compared to SPDR S&P 500 ETF (SPY) at 2.77%. This indicates that GGAL'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.