GMRE vs. SPY
Compare and contrast key facts about Global Medical REIT Inc. (GMRE) 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: GMRE or SPY.
Correlation
The correlation between GMRE and SPY is 0.39, 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
GMRE vs. SPY - Performance Comparison
Key characteristics
GMRE:
-0.87
SPY:
2.17
GMRE:
-1.12
SPY:
2.88
GMRE:
0.87
SPY:
1.41
GMRE:
-0.46
SPY:
3.19
GMRE:
-1.26
SPY:
14.10
GMRE:
17.35%
SPY:
1.90%
GMRE:
25.09%
SPY:
12.39%
GMRE:
-58.92%
SPY:
-55.19%
GMRE:
-45.49%
SPY:
-3.19%
Returns By Period
In the year-to-date period, GMRE achieves a -23.36% return, which is significantly lower than SPY's 24.97% return.
GMRE
-23.36%
-8.30%
-10.20%
-21.87%
-2.68%
N/A
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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Risk-Adjusted Performance
GMRE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Medical REIT Inc. (GMRE) 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
GMRE vs. SPY - Dividend Comparison
GMRE's dividend yield for the trailing twelve months is around 13.21%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMRE Global Medical REIT Inc. | 13.21% | 7.57% | 8.86% | 4.62% | 6.13% | 6.05% | 9.00% | 9.76% | 4.48% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
GMRE vs. SPY - Drawdown Comparison
The maximum GMRE drawdown since its inception was -58.92%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GMRE and SPY. For additional features, visit the drawdowns tool.
Volatility
GMRE vs. SPY - Volatility Comparison
Global Medical REIT Inc. (GMRE) has a higher volatility of 5.69% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that GMRE'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.