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.
Key characteristics
| GIC | SPY | |
|---|---|---|
| YTD Return | -0.30% | 5.94% |
| 1Y Return | 47.93% | 22.56% |
| 3Y Return (Ann) | -0.32% | 7.95% |
| 5Y Return (Ann) | 15.31% | 13.35% |
| 10Y Return (Ann) | 15.47% | 12.34% |
| Sharpe Ratio | 1.62 | 1.93 |
| Daily Std Dev | 29.80% | 11.63% |
| Max Drawdown | -98.09% | -55.19% |
| Current Drawdown | -17.34% | -4.05% |
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
In the year-to-date period, GIC achieves a -0.30% return, which is significantly lower than SPY's 5.94% return. Over the past 10 years, GIC has outperformed SPY with an annualized return of 15.47%, while SPY has yielded a comparatively lower 12.34% 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
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 2.21%, more than SPY's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIC Global Industrial Company | 2.21% | 2.06% | 3.06% | 3.97% | 9.53% | 1.91% | 39.51% | 1.05% | 1.14% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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
Global Industrial Company (GIC) has a higher volatility of 6.82% compared to SPDR S&P 500 ETF (SPY) at 3.91%. This indicates that GIC'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.