HRTG vs. SPY
Compare and contrast key facts about Heritage Insurance Holdings, Inc. (HRTG) 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: HRTG or SPY.
Correlation
The correlation between HRTG and SPY is 0.28, 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
HRTG vs. SPY - Performance Comparison
Key characteristics
HRTG:
0.98
SPY:
2.20
HRTG:
1.70
SPY:
2.91
HRTG:
1.25
SPY:
1.41
HRTG:
1.00
SPY:
3.35
HRTG:
3.21
SPY:
13.99
HRTG:
23.55%
SPY:
2.01%
HRTG:
77.35%
SPY:
12.79%
HRTG:
-94.36%
SPY:
-55.19%
HRTG:
-52.46%
SPY:
-1.35%
Returns By Period
In the year-to-date period, HRTG achieves a -8.02% return, which is significantly lower than SPY's 1.96% return. Over the past 10 years, HRTG has underperformed SPY with an annualized return of -3.80%, while SPY has yielded a comparatively higher 13.44% annualized return.
HRTG
-8.02%
-5.84%
46.06%
70.97%
-1.19%
-3.80%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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Risk-Adjusted Performance
HRTG vs. SPY — Risk-Adjusted Performance Rank
HRTG
SPY
HRTG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Heritage Insurance Holdings, Inc. (HRTG) 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
HRTG vs. SPY - Dividend Comparison
HRTG has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRTG Heritage Insurance Holdings, Inc. | 0.00% | 0.00% | 0.00% | 6.67% | 4.08% | 2.37% | 1.81% | 1.63% | 1.33% | 1.47% | 0.23% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HRTG vs. SPY - Drawdown Comparison
The maximum HRTG drawdown since its inception was -94.36%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HRTG and SPY. For additional features, visit the drawdowns tool.
Volatility
HRTG vs. SPY - Volatility Comparison
Heritage Insurance Holdings, Inc. (HRTG) has a higher volatility of 13.81% compared to SPDR S&P 500 ETF (SPY) at 5.10%. This indicates that HRTG'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.