GIL vs. SPY
Compare and contrast key facts about Gildan Activewear Inc. (GIL) 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: GIL or SPY.
Key characteristics
| GIL | SPY | |
|---|---|---|
| YTD Return | 2.22% | 9.92% |
| 1Y Return | 13.89% | 28.21% |
| 3Y Return (Ann) | 0.60% | 9.55% |
| 5Y Return (Ann) | -0.60% | 14.41% |
| 10Y Return (Ann) | 3.55% | 12.64% |
| Sharpe Ratio | 0.43 | 2.43 |
| Daily Std Dev | 31.72% | 11.50% |
| Max Drawdown | -87.23% | -55.19% |
| Current Drawdown | -17.61% | -0.45% |
Correlation
The correlation between GIL and SPY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GIL vs. SPY - Performance Comparison
In the year-to-date period, GIL achieves a 2.22% return, which is significantly lower than SPY's 9.92% return. Over the past 10 years, GIL has underperformed SPY with an annualized return of 3.55%, while SPY has yielded a comparatively higher 12.64% 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
GIL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gildan Activewear Inc. (GIL) 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
GIL vs. SPY - Dividend Comparison
GIL's dividend yield for the trailing twelve months is around 2.27%, more than SPY's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIL Gildan Activewear Inc. | 2.27% | 2.25% | 2.47% | 1.09% | 0.55% | 1.82% | 1.48% | 1.16% | 1.23% | 0.92% | 0.80% | 0.71% |
SPY SPDR S&P 500 ETF | 1.29% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GIL vs. SPY - Drawdown Comparison
The maximum GIL drawdown since its inception was -87.23%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GIL and SPY. For additional features, visit the drawdowns tool.
Volatility
GIL vs. SPY - Volatility Comparison
Gildan Activewear Inc. (GIL) has a higher volatility of 7.30% compared to SPDR S&P 500 ETF (SPY) at 3.91%. This indicates that GIL'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.