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:
0.42
SPY:
2.14
HG=F:
0.72
SPY:
2.84
HG=F:
1.09
SPY:
1.40
HG=F:
0.41
SPY:
3.25
HG=F:
0.66
SPY:
13.58
HG=F:
14.24%
SPY:
2.01%
HG=F:
22.02%
SPY:
12.77%
HG=F:
-62.54%
SPY:
-55.19%
HG=F:
-17.02%
SPY:
0.00%
Returns By Period
In the year-to-date period, HG=F achieves a 5.50% return, which is significantly higher than SPY's 3.47% return. Over the past 10 years, HG=F has underperformed SPY with an annualized return of 5.38%, while SPY has yielded a comparatively higher 13.45% annualized return.
HG=F
5.50%
4.54%
3.64%
12.07%
9.42%
5.38%
SPY
3.47%
1.98%
12.77%
26.68%
14.81%
13.45%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 4.93% compared to SPDR S&P 500 ETF (SPY) at 3.78%. 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.