IGIC vs. SPY
Compare and contrast key facts about International General Insurance Holdings Ltd. (IGIC) 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: IGIC or SPY.
Correlation
The correlation between IGIC and SPY is 0.12, 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
IGIC vs. SPY - Performance Comparison
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Key characteristics
IGIC:
1.79
SPY:
0.66
IGIC:
2.42
SPY:
1.12
IGIC:
1.31
SPY:
1.17
IGIC:
3.47
SPY:
0.75
IGIC:
11.33
SPY:
2.92
IGIC:
5.99%
SPY:
4.86%
IGIC:
36.66%
SPY:
20.32%
IGIC:
-33.58%
SPY:
-55.19%
IGIC:
-13.47%
SPY:
-4.60%
Returns By Period
In the year-to-date period, IGIC achieves a -0.36% return, which is significantly lower than SPY's -0.23% return.
IGIC
-0.36%
-5.02%
-4.49%
64.84%
33.61%
N/A
SPY
-0.23%
9.19%
-2.01%
13.36%
17.44%
12.59%
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Risk-Adjusted Performance
IGIC vs. SPY — Risk-Adjusted Performance Rank
IGIC
SPY
IGIC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for International General Insurance Holdings Ltd. (IGIC) 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.
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Dividends
IGIC vs. SPY - Dividend Comparison
IGIC's dividend yield for the trailing twelve months is around 4.04%, more than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGIC International General Insurance Holdings Ltd. | 4.04% | 2.42% | 6.99% | 2.75% | 4.07% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IGIC vs. SPY - Drawdown Comparison
The maximum IGIC drawdown since its inception was -33.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IGIC and SPY. For additional features, visit the drawdowns tool.
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Volatility
IGIC vs. SPY - Volatility Comparison
International General Insurance Holdings Ltd. (IGIC) has a higher volatility of 13.25% compared to SPDR S&P 500 ETF (SPY) at 6.39%. This indicates that IGIC'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.
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