IBCP vs. SPY
Compare and contrast key facts about Independent Bank Corporation (IBCP) 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: IBCP or SPY.
Correlation
The correlation between IBCP and SPY is 0.38, 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
IBCP vs. SPY - Performance Comparison
Key characteristics
IBCP:
1.29
SPY:
1.88
IBCP:
2.13
SPY:
2.53
IBCP:
1.25
SPY:
1.35
IBCP:
0.49
SPY:
2.83
IBCP:
6.84
SPY:
11.74
IBCP:
6.22%
SPY:
2.02%
IBCP:
32.93%
SPY:
12.64%
IBCP:
-99.59%
SPY:
-55.19%
IBCP:
-80.12%
SPY:
-0.42%
Returns By Period
In the year-to-date period, IBCP achieves a -0.10% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, IBCP has outperformed SPY with an annualized return of 14.31%, while SPY has yielded a comparatively lower 13.18% annualized return.
IBCP
-0.10%
-1.88%
7.85%
45.22%
14.30%
14.31%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
IBCP vs. SPY — Risk-Adjusted Performance Rank
IBCP
SPY
IBCP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Independent Bank Corporation (IBCP) 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
IBCP vs. SPY - Dividend Comparison
IBCP's dividend yield for the trailing twelve months is around 2.84%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCP Independent Bank Corporation | 2.84% | 2.76% | 3.54% | 3.68% | 3.52% | 4.33% | 3.18% | 2.85% | 1.88% | 1.57% | 1.71% | 1.38% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IBCP vs. SPY - Drawdown Comparison
The maximum IBCP drawdown since its inception was -99.59%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IBCP and SPY. For additional features, visit the drawdowns tool.
Volatility
IBCP vs. SPY - Volatility Comparison
Independent Bank Corporation (IBCP) has a higher volatility of 6.98% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that IBCP'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.