INDIANB.NS vs. SPY
Compare and contrast key facts about Indian Bank (INDIANB.NS) 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: INDIANB.NS or SPY.
Key characteristics
INDIANB.NS | SPY | |
---|---|---|
YTD Return | 22.80% | 18.86% |
1Y Return | 25.41% | 28.13% |
3Y Return (Ann) | 60.85% | 9.87% |
5Y Return (Ann) | 30.11% | 15.23% |
10Y Return (Ann) | 14.84% | 12.80% |
Sharpe Ratio | 0.82 | 2.21 |
Daily Std Dev | 39.15% | 12.60% |
Max Drawdown | -89.64% | -55.19% |
Current Drawdown | -17.04% | -0.61% |
Correlation
The correlation between INDIANB.NS and SPY is 0.10, 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
INDIANB.NS vs. SPY - Performance Comparison
In the year-to-date period, INDIANB.NS achieves a 22.80% return, which is significantly higher than SPY's 18.86% return. Over the past 10 years, INDIANB.NS has outperformed SPY with an annualized return of 14.84%, while SPY has yielded a comparatively lower 12.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
INDIANB.NS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Indian Bank (INDIANB.NS) 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
INDIANB.NS vs. SPY - Dividend Comparison
INDIANB.NS's dividend yield for the trailing twelve months is around 2.38%, more than SPY's 0.94% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Indian Bank | 2.38% | 2.04% | 2.28% | 1.43% | 0.00% | 0.00% | 2.46% | 1.59% | 0.68% | 3.64% | 2.16% | 5.68% |
SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
INDIANB.NS vs. SPY - Drawdown Comparison
The maximum INDIANB.NS drawdown since its inception was -89.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for INDIANB.NS and SPY. For additional features, visit the drawdowns tool.
Volatility
INDIANB.NS vs. SPY - Volatility Comparison
Indian Bank (INDIANB.NS) has a higher volatility of 8.54% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that INDIANB.NS'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.