IDA vs. SPY
Compare and contrast key facts about IDACORP, Inc. (IDA) 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: IDA or SPY.
Correlation
The correlation between IDA and SPY is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IDA vs. SPY - Performance Comparison
Key characteristics
IDA:
1.91
SPY:
1.75
IDA:
2.72
SPY:
2.36
IDA:
1.34
SPY:
1.32
IDA:
1.49
SPY:
2.66
IDA:
7.58
SPY:
11.01
IDA:
4.30%
SPY:
2.03%
IDA:
16.98%
SPY:
12.77%
IDA:
-54.01%
SPY:
-55.19%
IDA:
-3.25%
SPY:
-2.12%
Returns By Period
In the year-to-date period, IDA achieves a 5.32% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, IDA has underperformed SPY with an annualized return of 9.03%, while SPY has yielded a comparatively higher 12.96% annualized return.
IDA
5.32%
6.87%
13.75%
31.98%
3.53%
9.03%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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Risk-Adjusted Performance
IDA vs. SPY — Risk-Adjusted Performance Rank
IDA
SPY
IDA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IDACORP, Inc. (IDA) 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
IDA vs. SPY - Dividend Comparison
IDA's dividend yield for the trailing twelve months is around 2.96%, more than SPY's 1.18% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
IDA IDACORP, Inc. | 2.96% | 3.07% | 3.25% | 2.82% | 2.54% | 2.83% | 2.40% | 2.58% | 2.45% | 2.58% | 2.82% | 2.66% |
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
IDA vs. SPY - Drawdown Comparison
The maximum IDA drawdown since its inception was -54.01%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IDA and SPY. For additional features, visit the drawdowns tool.
Volatility
IDA vs. SPY - Volatility Comparison
IDACORP, Inc. (IDA) and SPDR S&P 500 ETF (SPY) have volatilities of 3.35% and 3.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.