IIIN vs. SPY
Compare and contrast key facts about Insteel Industries, Inc. (IIIN) 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: IIIN or SPY.
Correlation
The correlation between IIIN and SPY is 0.31, 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
IIIN vs. SPY - Performance Comparison
Key characteristics
IIIN:
-0.44
SPY:
1.75
IIIN:
-0.44
SPY:
2.36
IIIN:
0.95
SPY:
1.32
IIIN:
-0.32
SPY:
2.66
IIIN:
-0.80
SPY:
11.01
IIIN:
19.27%
SPY:
2.03%
IIIN:
35.13%
SPY:
12.77%
IIIN:
-96.63%
SPY:
-55.19%
IIIN:
-37.80%
SPY:
-2.12%
Returns By Period
In the year-to-date period, IIIN achieves a 8.00% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, IIIN has underperformed SPY with an annualized return of 5.40%, while SPY has yielded a comparatively higher 12.96% annualized return.
IIIN
8.00%
3.99%
-13.83%
-15.98%
7.23%
5.40%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
IIIN vs. SPY — Risk-Adjusted Performance Rank
IIIN
SPY
IIIN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Insteel Industries, Inc. (IIIN) 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
IIIN vs. SPY - Dividend Comparison
IIIN's dividend yield for the trailing twelve months is around 0.41%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIIN Insteel Industries, Inc. | 0.41% | 0.44% | 0.31% | 0.44% | 0.30% | 7.14% | 0.56% | 0.49% | 3.95% | 3.84% | 5.35% | 0.51% |
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
IIIN vs. SPY - Drawdown Comparison
The maximum IIIN drawdown since its inception was -96.63%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IIIN and SPY. For additional features, visit the drawdowns tool.
Volatility
IIIN vs. SPY - Volatility Comparison
Insteel Industries, Inc. (IIIN) has a higher volatility of 12.93% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that IIIN'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.