HIMX vs. SPY
Compare and contrast key facts about Himax Technologies, Inc. (HIMX) 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: HIMX or SPY.
Correlation
The correlation between HIMX and SPY is 0.35, 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
HIMX vs. SPY - Performance Comparison
Key characteristics
HIMX:
0.24
SPY:
-0.09
HIMX:
1.03
SPY:
-0.02
HIMX:
1.14
SPY:
1.00
HIMX:
0.31
SPY:
-0.09
HIMX:
0.82
SPY:
-0.45
HIMX:
24.12%
SPY:
3.31%
HIMX:
82.07%
SPY:
15.87%
HIMX:
-87.55%
SPY:
-55.19%
HIMX:
-51.58%
SPY:
-17.32%
Returns By Period
In the year-to-date period, HIMX achieves a -22.26% return, which is significantly lower than SPY's -13.53% return. Over the past 10 years, HIMX has underperformed SPY with an annualized return of 3.47%, while SPY has yielded a comparatively higher 11.17% annualized return.
HIMX
-22.26%
-35.90%
10.42%
19.48%
22.75%
3.47%
SPY
-13.53%
-12.00%
-11.25%
-1.30%
15.50%
11.17%
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Risk-Adjusted Performance
HIMX vs. SPY — Risk-Adjusted Performance Rank
HIMX
SPY
HIMX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Himax Technologies, Inc. (HIMX) 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
HIMX vs. SPY - Dividend Comparison
HIMX's dividend yield for the trailing twelve months is around 4.64%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMX Himax Technologies, Inc. | 4.64% | 3.61% | 7.91% | 20.13% | 1.70% | 0.00% | 0.00% | 2.92% | 2.30% | 2.15% | 3.66% | 3.35% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HIMX vs. SPY - Drawdown Comparison
The maximum HIMX drawdown since its inception was -87.55%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HIMX and SPY. For additional features, visit the drawdowns tool.
Volatility
HIMX vs. SPY - Volatility Comparison
Himax Technologies, Inc. (HIMX) has a higher volatility of 21.50% compared to SPDR S&P 500 ETF (SPY) at 9.29%. This indicates that HIMX'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.