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.
Key characteristics
| HRTG | SPY | |
|---|---|---|
| YTD Return | 77.76% | 26.01% |
| 1Y Return | 53.92% | 33.73% |
| 3Y Return (Ann) | 21.86% | 9.91% |
| 5Y Return (Ann) | -2.08% | 15.54% |
| 10Y Return (Ann) | -2.20% | 13.25% |
| Sharpe Ratio | 0.74 | 2.82 |
| Sortino Ratio | 1.52 | 3.76 |
| Omega Ratio | 1.21 | 1.53 |
| Calmar Ratio | 0.79 | 4.05 |
| Martin Ratio | 2.25 | 18.33 |
| Ulcer Index | 26.60% | 1.86% |
| Daily Std Dev | 80.78% | 12.07% |
| Max Drawdown | -94.36% | -55.19% |
| Current Drawdown | -50.50% | -0.90% |
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
In the year-to-date period, HRTG achieves a 77.76% return, which is significantly higher than SPY's 26.01% return. Over the past 10 years, HRTG has underperformed SPY with an annualized return of -2.20%, while SPY has yielded a comparatively higher 13.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRTG Heritage Insurance Holdings, Inc. | 0.00% | 0.00% | 6.67% | 4.08% | 2.37% | 1.81% | 1.63% | 1.33% | 1.47% | 0.23% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 24.19% compared to SPDR S&P 500 ETF (SPY) at 3.84%. 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.