GOODN vs. SPY
GOODN (Gladstone Commercial Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, GOODN returned 4.14%/yr vs 12.99%/yr for SPY. At a 0.12 correlation, their price movements are largely independent.
Performance
GOODN vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, GOODN achieves a 1.15% return, which is significantly lower than SPY's 8.25% return.
GOODN
- 1D
- -0.24%
- 1M
- 0.60%
- YTD
- 1.15%
- 6M
- 1.02%
- 1Y
- 4.82%
- 3Y*
- 15.33%
- 5Y*
- 4.14%
- 10Y*
- —
SPY
- 1D
- 0.14%
- 1M
- -1.92%
- YTD
- 8.25%
- 6M
- 6.93%
- 1Y
- 22.29%
- 3Y*
- 20.89%
- 5Y*
- 12.99%
- 10Y*
- 15.75%
GOODN vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GOODN Gladstone Commercial Corporation | 1.15% | 9.52% | 17.88% | -1.72% | -6.87% | 10.15% | 3.40% | 5.93% |
SPY State Street SPDR S&P 500 ETF | 8.25% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 8.68% |
Correlation
The correlation between GOODN and SPY is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.12 |
The correlation between GOODN and SPY shifts across timeframes, from -0.06 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GOODN vs. SPY — Risk / Return Rank
GOODN
SPY
GOODN vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gladstone Commercial Corporation (GOODN) and State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GOODN | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.52 | -1.94 |
| Martin ratioReturn relative to average drawdown | 1.24 | 11.15 | -9.91 |
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Drawdowns
GOODN vs. SPY - Drawdown Comparison
The maximum GOODN drawdown since its inception was -56.43%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GOODN and SPY.
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Drawdown Indicators
| GOODN | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.43% | -55.19% | -1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -8.88% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.63% | -18.76% | +6.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -24.50% | -8.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -1.62% | -3.08% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -9.03% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 2.00% | +1.90% |
Volatility
GOODN vs. SPY - Volatility Comparison
The current volatility for Gladstone Commercial Corporation (GOODN) is 3.37%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 4.79%. This indicates that GOODN 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.
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Volatility by Period
| GOODN | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 4.79% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 9.80% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 12.43% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 17.15% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.83% | 17.95% | +12.88% |
Dividends
GOODN vs. SPY - Dividend Comparison
GOODN's dividend yield for the trailing twelve months is around 7.39%, more than SPY's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOODN Gladstone Commercial Corporation | 7.39% | 7.20% | 7.33% | 8.04% | 7.27% | 6.32% | 6.54% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.02% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
GOODN and SPY have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPY has higher volatility (4.79%) compared to GOODN (3.37%). In terms of maximum drawdown, GOODN dropped -56.43% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.80 vs 0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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