HG=F vs. SPY
Compare and contrast key facts about Copper (HG=F) 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: HG=F or SPY.
Correlation
The correlation between HG=F and SPY is 0.29, 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
HG=F vs. SPY - Performance Comparison
Key characteristics
HG=F:
0.13
SPY:
0.51
HG=F:
0.34
SPY:
0.86
HG=F:
1.05
SPY:
1.13
HG=F:
0.14
SPY:
0.55
HG=F:
0.36
SPY:
2.26
HG=F:
8.73%
SPY:
4.55%
HG=F:
25.56%
SPY:
20.08%
HG=F:
-62.54%
SPY:
-55.19%
HG=F:
-7.25%
SPY:
-9.89%
Returns By Period
In the year-to-date period, HG=F achieves a 20.20% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, HG=F has underperformed SPY with an annualized return of 5.61%, while SPY has yielded a comparatively higher 11.99% annualized return.
HG=F
20.20%
-7.25%
11.53%
5.90%
15.14%
5.61%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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Risk-Adjusted Performance
HG=F vs. SPY — Risk-Adjusted Performance Rank
HG=F
SPY
HG=F vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Copper (HG=F) 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.
Drawdowns
HG=F vs. SPY - Drawdown Comparison
The maximum HG=F drawdown since its inception was -62.54%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HG=F and SPY. For additional features, visit the drawdowns tool.
Volatility
HG=F vs. SPY - Volatility Comparison
The current volatility for Copper (HG=F) is 13.73%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.97%. This indicates that HG=F 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.