Correlation
The correlation between INOD and SPY is 0.18, 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.
INOD vs. SPY
Compare and contrast key facts about Innodata Inc. (INOD) 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: INOD or SPY.
Performance
INOD vs. SPY - Performance Comparison
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Key characteristics
INOD:
1.68
SPY:
0.70
INOD:
2.76
SPY:
1.02
INOD:
1.34
SPY:
1.15
INOD:
3.84
SPY:
0.68
INOD:
8.34
SPY:
2.57
INOD:
24.75%
SPY:
4.93%
INOD:
124.69%
SPY:
20.42%
INOD:
-95.22%
SPY:
-55.19%
INOD:
-38.49%
SPY:
-3.55%
Returns By Period
In the year-to-date period, INOD achieves a -0.13% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, INOD has outperformed SPY with an annualized return of 30.38%, while SPY has yielded a comparatively lower 12.73% annualized return.
INOD
-0.13%
0.56%
-3.92%
212.76%
83.38%
96.13%
30.38%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
INOD vs. SPY — Risk-Adjusted Performance Rank
INOD
SPY
INOD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innodata Inc. (INOD) 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
INOD vs. SPY - Dividend Comparison
INOD has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
INOD Innodata Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
INOD vs. SPY - Drawdown Comparison
The maximum INOD drawdown since its inception was -95.22%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for INOD and SPY.
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Volatility
INOD vs. SPY - Volatility Comparison
Innodata Inc. (INOD) has a higher volatility of 27.42% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that INOD'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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