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GTN vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Gray Television, Inc. (GTN) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

GTN:

-0.43

SPY:

0.70

Sortino Ratio

GTN:

-0.07

SPY:

1.02

Omega Ratio

GTN:

0.99

SPY:

1.15

Calmar Ratio

GTN:

-0.28

SPY:

0.68

Martin Ratio

GTN:

-0.78

SPY:

2.57

Ulcer Index

GTN:

31.18%

SPY:

4.93%

Daily Std Dev

GTN:

69.23%

SPY:

20.42%

Max Drawdown

GTN:

-98.78%

SPY:

-55.19%

Current Drawdown

GTN:

-81.74%

SPY:

-3.55%

Returns By Period

In the year-to-date period, GTN achieves a 28.47% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, GTN has underperformed SPY with an annualized return of -11.82%, while SPY has yielded a comparatively higher 12.73% annualized return.


GTN

YTD

28.47%

1M

18.86%

6M

-3.24%

1Y

-31.56%

3Y*

-38.56%

5Y*

-19.69%

10Y*

-11.82%

SPY

YTD

0.87%

1M

5.54%

6M

-1.56%

1Y

13.18%

3Y*

14.25%

5Y*

15.81%

10Y*

12.73%

*Annualized

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Gray Television, Inc.

SPDR S&P 500 ETF

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

GTN vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTN
The Risk-Adjusted Performance Rank of GTN is 3232
Overall Rank
The Sharpe Ratio Rank of GTN is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of GTN is 3333
Sortino Ratio Rank
The Omega Ratio Rank of GTN is 3333
Omega Ratio Rank
The Calmar Ratio Rank of GTN is 3232
Calmar Ratio Rank
The Martin Ratio Rank of GTN is 3333
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6262
Overall Rank
The Sharpe Ratio Rank of SPY is 6060
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 5959
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6262
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6565
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current GTN Sharpe Ratio is -0.43, which is lower than the SPY Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of GTN and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

GTN vs. SPY - Dividend Comparison

GTN's dividend yield for the trailing twelve months is around 8.06%, more than SPY's 1.22% yield.


TTM20242023202220212020201920182017201620152014
GTN
Gray Television, Inc.
8.06%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
1.22%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 -98.78%, 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.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

GTN vs. SPY - Volatility Comparison

Gray Television, Inc. (GTN) has a higher volatility of 26.07% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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.


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