IRS vs. SPY
Compare and contrast key facts about IRSA Inversiones y Representaciones Sociedad Anónima (IRS) and State Street 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.
Performance
IRS vs. SPY - Performance Comparison
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IRS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRS IRSA Inversiones y Representaciones Sociedad Anónima | -2.00% | 21.60% | 103.74% | 99.57% | 17.65% | -5.54% | -33.08% | -45.90% | -53.72% | 76.69% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, IRS achieves a -2.00% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, IRS has underperformed SPY with an annualized return of 7.38%, while SPY has yielded a comparatively higher 13.98% annualized return.
IRS
- 1D
- 4.58%
- 1M
- 1.69%
- YTD
- -2.00%
- 6M
- 50.27%
- 1Y
- 37.93%
- 3Y*
- 58.56%
- 5Y*
- 44.02%
- 10Y*
- 7.38%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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Return for Risk
IRS vs. SPY — Risk / Return Rank
IRS
SPY
IRS vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IRSA Inversiones y Representaciones Sociedad Anónima (IRS) and State Street 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.
| IRS | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 0.93 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.45 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.53 | -0.40 |
Martin ratioReturn relative to average drawdown | 2.61 | 7.30 | -4.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IRS | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.93 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.69 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.78 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.56 | -0.52 |
Correlation
The correlation between IRS and SPY is 0.28, 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.
Dividends
IRS vs. SPY - Dividend Comparison
IRS's dividend yield for the trailing twelve months is around 8.73%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRS IRSA Inversiones y Representaciones Sociedad Anónima | 8.73% | 8.56% | 10.79% | 18.63% | 3.91% | 0.00% | 1.25% | 0.00% | 0.00% | 9.27% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
IRS vs. SPY - Drawdown Comparison
The maximum IRS drawdown since its inception was -92.99%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IRS and SPY.
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Drawdown Indicators
| IRS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.99% | -55.19% | -37.80% |
Max Drawdown (1Y)Largest decline over 1 year | -30.64% | -12.05% | -18.59% |
Max Drawdown (5Y)Largest decline over 5 years | -37.93% | -24.50% | -13.43% |
Max Drawdown (10Y)Largest decline over 10 years | -91.24% | -33.72% | -57.52% |
Current DrawdownCurrent decline from peak | -16.98% | -6.24% | -10.74% |
Average DrawdownAverage peak-to-trough decline | -57.64% | -9.09% | -48.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.20% | 2.52% | +10.68% |
Volatility
IRS vs. SPY - Volatility Comparison
IRSA Inversiones y Representaciones Sociedad Anónima (IRS) has a higher volatility of 15.36% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that IRS'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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Volatility by Period
| IRS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.36% | 5.31% | +10.05% |
Volatility (6M)Calculated over the trailing 6-month period | 39.57% | 9.47% | +30.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.31% | 19.05% | +35.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.90% | 17.06% | +32.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.46% | 17.92% | +35.54% |