Correlation
The correlation between HOCPY 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.
HOCPY vs. SPY
Compare and contrast key facts about Hoya Corp (HOCPY) 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: HOCPY or SPY.
Performance
HOCPY vs. SPY - Performance Comparison
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Key characteristics
HOCPY:
0.12
SPY:
0.67
HOCPY:
0.36
SPY:
1.03
HOCPY:
1.04
SPY:
1.15
HOCPY:
0.06
SPY:
0.69
HOCPY:
0.20
SPY:
2.61
HOCPY:
12.31%
SPY:
4.92%
HOCPY:
33.33%
SPY:
20.44%
HOCPY:
-68.64%
SPY:
-55.19%
HOCPY:
-29.49%
SPY:
-3.44%
Returns By Period
In the year-to-date period, HOCPY achieves a -2.36% return, which is significantly lower than SPY's 0.98% return. Over the past 10 years, HOCPY has outperformed SPY with an annualized return of 13.70%, while SPY has yielded a comparatively lower 12.73% annualized return.
HOCPY
-2.36%
2.61%
-4.89%
3.87%
4.03%
5.94%
13.70%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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Risk-Adjusted Performance
HOCPY vs. SPY — Risk-Adjusted Performance Rank
HOCPY
SPY
HOCPY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hoya Corp (HOCPY) 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.
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Dividends
HOCPY vs. SPY - Dividend Comparison
HOCPY's dividend yield for the trailing twelve months is around 0.50%, less than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOCPY Hoya Corp | 0.50% | 0.48% | 0.86% | 0.68% | 0.43% | 0.48% | 0.68% | 2.40% | 2.08% | 2.86% | 2.01% | 2.34% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HOCPY vs. SPY - Drawdown Comparison
The maximum HOCPY drawdown since its inception was -68.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HOCPY and SPY.
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Volatility
HOCPY vs. SPY - Volatility Comparison
Hoya Corp (HOCPY) has a higher volatility of 9.92% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that HOCPY'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.
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