HAPPSTMNDS.NS vs. SPY
Compare and contrast key facts about Happiest Minds Technologies Limited (HAPPSTMNDS.NS) 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: HAPPSTMNDS.NS or SPY.
Key characteristics
| HAPPSTMNDS.NS | SPY | |
|---|---|---|
| YTD Return | -13.77% | 21.39% |
| 1Y Return | -5.43% | 33.27% |
| 3Y Return (Ann) | -15.55% | 8.59% |
| Sharpe Ratio | -0.20 | 2.87 |
| Sortino Ratio | -0.12 | 3.80 |
| Omega Ratio | 0.98 | 1.54 |
| Calmar Ratio | -0.10 | 4.10 |
| Martin Ratio | -0.41 | 18.62 |
| Ulcer Index | 12.35% | 1.85% |
| Daily Std Dev | 25.27% | 12.01% |
| Max Drawdown | -50.63% | -55.19% |
| Current Drawdown | -48.75% | -2.23% |
Correlation
The correlation between HAPPSTMNDS.NS and SPY is 0.08, 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
HAPPSTMNDS.NS vs. SPY - Performance Comparison
In the year-to-date period, HAPPSTMNDS.NS achieves a -13.77% return, which is significantly lower than SPY's 21.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HAPPSTMNDS.NS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Happiest Minds Technologies Limited (HAPPSTMNDS.NS) 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
HAPPSTMNDS.NS vs. SPY - Dividend Comparison
HAPPSTMNDS.NS's dividend yield for the trailing twelve months is around 0.42%, less than SPY's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAPPSTMNDS.NS Happiest Minds Technologies Limited | 0.42% | 0.66% | 0.45% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HAPPSTMNDS.NS vs. SPY - Drawdown Comparison
The maximum HAPPSTMNDS.NS drawdown since its inception was -50.63%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HAPPSTMNDS.NS and SPY. For additional features, visit the drawdowns tool.
Volatility
HAPPSTMNDS.NS vs. SPY - Volatility Comparison
Happiest Minds Technologies Limited (HAPPSTMNDS.NS) has a higher volatility of 3.49% compared to SPDR S&P 500 ETF (SPY) at 3.14%. This indicates that HAPPSTMNDS.NS'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.