HP vs. SPY
Compare and contrast key facts about Helmerich & Payne, Inc. (HP) 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: HP or SPY.
Correlation
The correlation between HP and SPY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HP vs. SPY - Performance Comparison
Key characteristics
HP:
-1.01
SPY:
0.51
HP:
-1.42
SPY:
0.86
HP:
0.80
SPY:
1.13
HP:
-0.69
SPY:
0.55
HP:
-2.07
SPY:
2.26
HP:
24.56%
SPY:
4.55%
HP:
50.50%
SPY:
20.08%
HP:
-85.78%
SPY:
-55.19%
HP:
-71.82%
SPY:
-9.89%
Returns By Period
In the year-to-date period, HP achieves a -37.06% return, which is significantly lower than SPY's -5.76% return. Over the past 10 years, HP has underperformed SPY with an annualized return of -8.20%, while SPY has yielded a comparatively higher 11.99% annualized return.
HP
-37.06%
-23.25%
-41.13%
-48.61%
7.39%
-8.20%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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Risk-Adjusted Performance
HP vs. SPY — Risk-Adjusted Performance Rank
HP
SPY
HP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Helmerich & Payne, Inc. (HP) 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
HP vs. SPY - Dividend Comparison
HP's dividend yield for the trailing twelve months is around 6.71%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HP Helmerich & Payne, Inc. | 6.71% | 4.72% | 5.18% | 2.49% | 4.22% | 8.29% | 6.25% | 5.88% | 4.33% | 3.59% | 5.14% | 3.89% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HP vs. SPY - Drawdown Comparison
The maximum HP drawdown since its inception was -85.78%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HP and SPY. For additional features, visit the drawdowns tool.
Volatility
HP vs. SPY - Volatility Comparison
Helmerich & Payne, Inc. (HP) has a higher volatility of 32.29% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that HP'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.