GTES vs. SPY
Compare and contrast key facts about Gates Industrial Corporation plc (GTES) 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: GTES or SPY.
Correlation
The correlation between GTES and SPY is 0.57, 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
GTES vs. SPY - Performance Comparison
Key characteristics
GTES:
2.41
SPY:
1.88
GTES:
3.22
SPY:
2.53
GTES:
1.43
SPY:
1.35
GTES:
2.20
SPY:
2.83
GTES:
11.44
SPY:
11.74
GTES:
6.58%
SPY:
2.02%
GTES:
31.27%
SPY:
12.64%
GTES:
-70.06%
SPY:
-55.19%
GTES:
-0.85%
SPY:
-0.42%
Returns By Period
In the year-to-date period, GTES achieves a 13.32% return, which is significantly higher than SPY's 4.15% return.
GTES
13.32%
11.32%
32.97%
64.50%
13.14%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
GTES vs. SPY — Risk-Adjusted Performance Rank
GTES
SPY
GTES vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gates Industrial Corporation plc (GTES) 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
GTES vs. SPY - Dividend Comparison
GTES has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTES Gates Industrial Corporation plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GTES vs. SPY - Drawdown Comparison
The maximum GTES drawdown since its inception was -70.06%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GTES and SPY. For additional features, visit the drawdowns tool.
Volatility
GTES vs. SPY - Volatility Comparison
Gates Industrial Corporation plc (GTES) has a higher volatility of 13.80% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that GTES'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.