HCA vs. SPY
Compare and contrast key facts about HCA Healthcare, Inc. (HCA) 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: HCA or SPY.
Key characteristics
| HCA | SPY | |
|---|---|---|
| YTD Return | 13.93% | 7.90% |
| 1Y Return | 11.83% | 28.03% |
| 3Y Return (Ann) | 15.33% | 8.75% |
| 5Y Return (Ann) | 20.73% | 13.52% |
| 10Y Return (Ann) | 20.22% | 12.62% |
| Sharpe Ratio | 0.53 | 2.33 |
| Daily Std Dev | 21.90% | 11.63% |
| Max Drawdown | -54.74% | -55.19% |
| Current Drawdown | -7.73% | -2.27% |
Correlation
The correlation between HCA and SPY is 0.49, 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
HCA vs. SPY - Performance Comparison
In the year-to-date period, HCA achieves a 13.93% return, which is significantly higher than SPY's 7.90% return. Over the past 10 years, HCA has outperformed SPY with an annualized return of 20.22%, while SPY has yielded a comparatively lower 12.62% annualized 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
HCA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HCA Healthcare, Inc. (HCA) 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
HCA vs. SPY - Dividend Comparison
HCA's dividend yield for the trailing twelve months is around 0.80%, less than SPY's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.80% | 0.89% | 0.93% | 0.75% | 0.47% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HCA vs. SPY - Drawdown Comparison
The maximum HCA drawdown since its inception was -54.74%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HCA and SPY. For additional features, visit the drawdowns tool.
Volatility
HCA vs. SPY - Volatility Comparison
HCA Healthcare, Inc. (HCA) has a higher volatility of 8.01% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that HCA'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.