HRL vs. SPY
Compare and contrast key facts about Hormel Foods Corporation (HRL) 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: HRL or SPY.
Correlation
The correlation between HRL and SPY is 0.33, 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
HRL vs. SPY - Performance Comparison
Key characteristics
HRL:
0.17
SPY:
2.03
HRL:
0.44
SPY:
2.71
HRL:
1.06
SPY:
1.38
HRL:
0.10
SPY:
3.02
HRL:
0.42
SPY:
13.49
HRL:
10.84%
SPY:
1.88%
HRL:
26.33%
SPY:
12.48%
HRL:
-45.01%
SPY:
-55.19%
HRL:
-37.29%
SPY:
-3.54%
Returns By Period
In the year-to-date period, HRL achieves a 2.92% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, HRL has underperformed SPY with an annualized return of 4.29%, while SPY has yielded a comparatively higher 12.94% annualized return.
HRL
2.92%
8.50%
6.98%
4.15%
-4.26%
4.29%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
HRL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hormel Foods Corporation (HRL) 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
HRL vs. SPY - Dividend Comparison
HRL's dividend yield for the trailing twelve months is around 3.54%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRL Hormel Foods Corporation | 3.54% | 3.43% | 2.28% | 2.01% | 2.00% | 1.86% | 1.76% | 1.87% | 1.67% | 1.26% | 1.54% | 1.51% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HRL vs. SPY - Drawdown Comparison
The maximum HRL drawdown since its inception was -45.01%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HRL and SPY. For additional features, visit the drawdowns tool.
Volatility
HRL vs. SPY - Volatility Comparison
Hormel Foods Corporation (HRL) has a higher volatility of 6.01% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that HRL'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.