GT vs. SPLG
Compare and contrast key facts about The Goodyear Tire & Rubber Company (GT) and SPDR Portfolio S&P 500 ETF (SPLG).
SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GT or SPLG.
Correlation
The correlation between GT and SPLG is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GT vs. SPLG - Performance Comparison
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Key characteristics
GT:
-0.28
SPLG:
0.69
GT:
0.00
SPLG:
1.14
GT:
1.00
SPLG:
1.17
GT:
-0.16
SPLG:
0.76
GT:
-0.48
SPLG:
2.93
GT:
28.04%
SPLG:
4.86%
GT:
54.45%
SPLG:
19.51%
GT:
-94.50%
SPLG:
-54.52%
GT:
-80.64%
SPLG:
-4.60%
Returns By Period
In the year-to-date period, GT achieves a 21.89% return, which is significantly higher than SPLG's -0.23% return. Over the past 10 years, GT has underperformed SPLG with an annualized return of -8.95%, while SPLG has yielded a comparatively higher 12.66% annualized return.
GT
21.89%
13.44%
12.28%
-15.35%
12.36%
-8.95%
SPLG
-0.23%
9.17%
-1.99%
13.40%
17.52%
12.66%
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Risk-Adjusted Performance
GT vs. SPLG — Risk-Adjusted Performance Rank
GT
SPLG
GT vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Goodyear Tire & Rubber Company (GT) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
GT vs. SPLG - Dividend Comparison
GT has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 1.31%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
GT The Goodyear Tire & Rubber Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.47% | 4.11% | 2.84% | 1.36% | 1.00% | 0.95% | 0.77% |
SPLG SPDR Portfolio S&P 500 ETF | 1.31% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
GT vs. SPLG - Drawdown Comparison
The maximum GT drawdown since its inception was -94.50%, which is greater than SPLG's maximum drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for GT and SPLG. For additional features, visit the drawdowns tool.
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Volatility
GT vs. SPLG - Volatility Comparison
The Goodyear Tire & Rubber Company (GT) has a higher volatility of 10.11% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 6.30%. This indicates that GT's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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