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:
-0.24
SPY:
0.32
HG=F:
-0.18
SPY:
0.51
HG=F:
0.98
SPY:
1.07
HG=F:
-0.25
SPY:
0.39
HG=F:
-0.38
SPY:
1.52
HG=F:
15.02%
SPY:
3.13%
HG=F:
23.42%
SPY:
14.74%
HG=F:
-62.54%
SPY:
-55.19%
HG=F:
-10.21%
SPY:
-12.17%
Returns By Period
In the year-to-date period, HG=F achieves a 16.37% return, which is significantly higher than SPY's -8.15% return. Over the past 10 years, HG=F has underperformed SPY with an annualized return of 5.52%, while SPY has yielded a comparatively higher 11.89% annualized return.
HG=F
16.37%
2.83%
4.08%
11.75%
15.90%
5.52%
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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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
Copper (HG=F) has a higher volatility of 7.50% compared to SPDR S&P 500 ETF (SPY) at 6.81%. This indicates that HG=F'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.