HBNC vs. SPY
Compare and contrast key facts about Horizon Bancorp, Inc. (HBNC) 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: HBNC or SPY.
Correlation
The correlation between HBNC and SPY is 0.26, 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
HBNC vs. SPY - Performance Comparison
Key characteristics
HBNC:
0.63
SPY:
0.28
HBNC:
1.16
SPY:
0.54
HBNC:
1.14
SPY:
1.08
HBNC:
0.49
SPY:
0.29
HBNC:
2.21
SPY:
1.35
HBNC:
10.23%
SPY:
4.09%
HBNC:
35.82%
SPY:
19.64%
HBNC:
-65.21%
SPY:
-55.19%
HBNC:
-33.62%
SPY:
-13.98%
Returns By Period
In the year-to-date period, HBNC achieves a -15.25% return, which is significantly lower than SPY's -10.04% return. Over the past 10 years, HBNC has underperformed SPY with an annualized return of 6.22%, while SPY has yielded a comparatively higher 11.65% annualized return.
HBNC
-15.25%
-13.36%
-13.58%
22.68%
10.50%
6.22%
SPY
-10.04%
-7.04%
-9.15%
5.72%
14.60%
11.65%
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Risk-Adjusted Performance
HBNC vs. SPY — Risk-Adjusted Performance Rank
HBNC
SPY
HBNC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Bancorp, Inc. (HBNC) 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
HBNC vs. SPY - Dividend Comparison
HBNC's dividend yield for the trailing twelve months is around 4.79%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBNC Horizon Bancorp, Inc. | 4.79% | 3.97% | 4.47% | 4.11% | 2.54% | 3.03% | 2.32% | 2.45% | 1.73% | 1.43% | 1.54% | 1.95% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HBNC vs. SPY - Drawdown Comparison
The maximum HBNC drawdown since its inception was -65.21%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HBNC and SPY. For additional features, visit the drawdowns tool.
Volatility
HBNC vs. SPY - Volatility Comparison
The current volatility for Horizon Bancorp, Inc. (HBNC) is 13.86%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.59%. This indicates that HBNC experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.