GIC vs. SPY
Compare and contrast key facts about Global Industrial Company (GIC) 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: GIC or SPY.
Correlation
The correlation between GIC 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.
Performance
GIC vs. SPY - Performance Comparison
Key characteristics
GIC:
-1.26
SPY:
0.30
GIC:
-1.80
SPY:
0.56
GIC:
0.74
SPY:
1.08
GIC:
-0.86
SPY:
0.31
GIC:
-1.56
SPY:
1.40
GIC:
29.37%
SPY:
4.18%
GIC:
36.27%
SPY:
19.64%
GIC:
-98.09%
SPY:
-55.19%
GIC:
-52.33%
SPY:
-13.86%
Returns By Period
In the year-to-date period, GIC achieves a -12.49% return, which is significantly lower than SPY's -9.91% return. Over the past 10 years, GIC has outperformed SPY with an annualized return of 14.25%, while SPY has yielded a comparatively lower 11.59% annualized return.
GIC
-12.49%
-5.55%
-37.46%
-44.71%
6.47%
14.25%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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Risk-Adjusted Performance
GIC vs. SPY — Risk-Adjusted Performance Rank
GIC
SPY
GIC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Industrial Company (GIC) 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
GIC vs. SPY - Dividend Comparison
GIC's dividend yield for the trailing twelve months is around 4.71%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIC Global Industrial Company | 4.71% | 4.03% | 2.06% | 3.06% | 4.01% | 9.53% | 1.91% | 39.51% | 1.05% | 1.14% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GIC vs. SPY - Drawdown Comparison
The maximum GIC drawdown since its inception was -98.09%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GIC and SPY. For additional features, visit the drawdowns tool.
Volatility
GIC vs. SPY - Volatility Comparison
The current volatility for Global Industrial Company (GIC) is 10.60%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that GIC 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.