GNC.L vs. SPY
Compare and contrast key facts about Greencore Group (GNC.L) 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: GNC.L or SPY.
Key characteristics
| GNC.L | SPY | |
|---|---|---|
| YTD Return | 120.84% | 23.18% |
| 1Y Return | 137.06% | 40.57% |
| 3Y Return (Ann) | 18.13% | 9.72% |
| 5Y Return (Ann) | -1.51% | 15.45% |
| 10Y Return (Ann) | 1.20% | 13.15% |
| Sharpe Ratio | 4.05 | 3.45 |
| Sortino Ratio | 5.67 | 4.57 |
| Omega Ratio | 1.72 | 1.65 |
| Calmar Ratio | 1.93 | 4.12 |
| Martin Ratio | 44.70 | 22.62 |
| Ulcer Index | 3.00% | 1.83% |
| Daily Std Dev | 33.03% | 12.01% |
| Max Drawdown | -81.52% | -55.19% |
| Current Drawdown | -26.81% | -0.78% |
Correlation
The correlation between GNC.L and SPY is 0.13, 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
GNC.L vs. SPY - Performance Comparison
In the year-to-date period, GNC.L achieves a 120.84% return, which is significantly higher than SPY's 23.18% return. Over the past 10 years, GNC.L has underperformed SPY with an annualized return of 1.20%, while SPY has yielded a comparatively higher 13.15% 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
GNC.L vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Greencore Group (GNC.L) 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
GNC.L vs. SPY - Dividend Comparison
GNC.L has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNC.L Greencore Group | 0.00% | 0.00% | 0.00% | 0.00% | 3.22% | 2.17% | 1.23% | 2.38% | 2.22% | 1.74% | 1.90% | 4.67% |
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
GNC.L vs. SPY - Drawdown Comparison
The maximum GNC.L drawdown since its inception was -81.52%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GNC.L and SPY. For additional features, visit the drawdowns tool.
Volatility
GNC.L vs. SPY - Volatility Comparison
Greencore Group (GNC.L) has a higher volatility of 11.31% compared to SPDR S&P 500 ETF (SPY) at 2.51%. This indicates that GNC.L'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.