HAE vs. SPY
Compare and contrast key facts about Haemonetics Corporation (HAE) 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: HAE or SPY.
Correlation
The correlation between HAE and SPY is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HAE vs. SPY - Performance Comparison
Key characteristics
HAE:
-0.34
SPY:
1.75
HAE:
-0.25
SPY:
2.36
HAE:
0.97
SPY:
1.32
HAE:
-0.20
SPY:
2.66
HAE:
-0.68
SPY:
11.01
HAE:
17.33%
SPY:
2.03%
HAE:
34.58%
SPY:
12.77%
HAE:
-68.62%
SPY:
-55.19%
HAE:
-54.82%
SPY:
-2.12%
Returns By Period
In the year-to-date period, HAE achieves a -19.29% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, HAE has underperformed SPY with an annualized return of 3.64%, while SPY has yielded a comparatively higher 12.96% annualized return.
HAE
-19.29%
-14.08%
-17.35%
-15.86%
-11.86%
3.64%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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Risk-Adjusted Performance
HAE vs. SPY — Risk-Adjusted Performance Rank
HAE
SPY
HAE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Haemonetics Corporation (HAE) 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
HAE vs. SPY - Dividend Comparison
HAE has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAE Haemonetics Corporation | 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 | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HAE vs. SPY - Drawdown Comparison
The maximum HAE drawdown since its inception was -68.62%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HAE and SPY. For additional features, visit the drawdowns tool.
Volatility
HAE vs. SPY - Volatility Comparison
Haemonetics Corporation (HAE) has a higher volatility of 16.69% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that HAE'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.