HTBK vs. SPY
Compare and contrast key facts about Heritage Commerce Corp (HTBK) 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: HTBK or SPY.
Correlation
The correlation between HTBK 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.
Performance
HTBK vs. SPY - Performance Comparison
Key characteristics
HTBK:
0.52
SPY:
0.30
HTBK:
1.00
SPY:
0.56
HTBK:
1.12
SPY:
1.08
HTBK:
0.30
SPY:
0.31
HTBK:
1.83
SPY:
1.40
HTBK:
8.79%
SPY:
4.18%
HTBK:
31.13%
SPY:
19.64%
HTBK:
-90.46%
SPY:
-55.19%
HTBK:
-46.88%
SPY:
-13.86%
Returns By Period
In the year-to-date period, HTBK achieves a -6.46% return, which is significantly higher than SPY's -9.91% return. Over the past 10 years, HTBK has underperformed SPY with an annualized return of 4.07%, while SPY has yielded a comparatively higher 11.59% annualized return.
HTBK
-6.46%
-10.81%
-9.58%
15.76%
8.69%
4.07%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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Risk-Adjusted Performance
HTBK vs. SPY — Risk-Adjusted Performance Rank
HTBK
SPY
HTBK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Heritage Commerce Corp (HTBK) 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
HTBK vs. SPY - Dividend Comparison
HTBK's dividend yield for the trailing twelve months is around 6.00%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTBK Heritage Commerce Corp | 6.00% | 5.54% | 5.24% | 4.00% | 4.36% | 5.86% | 3.74% | 3.88% | 2.61% | 2.49% | 2.68% | 2.04% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HTBK vs. SPY - Drawdown Comparison
The maximum HTBK drawdown since its inception was -90.46%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HTBK and SPY. For additional features, visit the drawdowns tool.
Volatility
HTBK vs. SPY - Volatility Comparison
The current volatility for Heritage Commerce Corp (HTBK) is 12.98%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that HTBK experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.