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 | 39.74% | 26.49% |
| 1Y Return | 38.65% | 38.06% |
| 3Y Return (Ann) | 54.13% | 9.93% |
| 5Y Return (Ann) | 39.80% | 15.84% |
| 10Y Return (Ann) | 14.86% | 13.32% |
| Sharpe Ratio | 1.02 | 3.11 |
| Sortino Ratio | 1.64 | 4.14 |
| Omega Ratio | 1.21 | 1.58 |
| Calmar Ratio | 2.21 | 4.54 |
| Martin Ratio | 4.79 | 20.57 |
| Ulcer Index | 8.36% | 1.86% |
| Daily Std Dev | 39.37% | 12.29% |
| Max Drawdown | -89.64% | -55.19% |
| Current Drawdown | -5.60% | 0.00% |
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 39.74% return, which is significantly higher than SPY's 26.49% return. Over the past 10 years, INDIANB.NS has outperformed SPY with an annualized return of 14.86%, while SPY has yielded a comparatively lower 13.32% 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 2.09%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDIANB.NS Indian Bank | 2.09% | 2.04% | 2.28% | 1.43% | 0.00% | 0.00% | 2.46% | 1.59% | 0.68% | 3.64% | 2.16% | 5.68% |
SPY SPDR S&P 500 ETF | 1.18% | 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 12.33% compared to SPDR S&P 500 ETF (SPY) at 3.95%. 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.