GTN vs. SPY
Compare and contrast key facts about Gray Television, Inc. (GTN) 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: GTN or SPY.
Correlation
The correlation between GTN and SPY is 0.44, 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
GTN vs. SPY - Performance Comparison
Key characteristics
GTN:
-0.45
SPY:
0.54
GTN:
-0.23
SPY:
0.90
GTN:
0.97
SPY:
1.13
GTN:
-0.34
SPY:
0.57
GTN:
-0.85
SPY:
2.24
GTN:
34.90%
SPY:
4.82%
GTN:
68.51%
SPY:
20.02%
GTN:
-98.61%
SPY:
-55.19%
GTN:
-79.99%
SPY:
-7.53%
Returns By Period
In the year-to-date period, GTN achieves a 40.77% return, which is significantly higher than SPY's -3.30% return. Over the past 10 years, GTN has underperformed SPY with an annualized return of -9.56%, while SPY has yielded a comparatively higher 12.33% annualized return.
GTN
40.77%
29.46%
-21.81%
-30.57%
-17.29%
-9.56%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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Risk-Adjusted Performance
GTN vs. SPY — Risk-Adjusted Performance Rank
GTN
SPY
GTN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gray Television, Inc. (GTN) 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
GTN vs. SPY - Dividend Comparison
GTN's dividend yield for the trailing twelve months is around 7.36%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTN Gray Television, Inc. | 7.36% | 10.16% | 3.57% | 2.86% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GTN vs. SPY - Drawdown Comparison
The maximum GTN drawdown since its inception was -98.61%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GTN and SPY. For additional features, visit the drawdowns tool.
Volatility
GTN vs. SPY - Volatility Comparison
Gray Television, Inc. (GTN) has a higher volatility of 25.05% compared to SPDR S&P 500 ETF (SPY) at 12.36%. This indicates that GTN'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.