ITUB vs. SPY
Compare and contrast key facts about Itaú Unibanco Holding S.A. (ITUB) 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: ITUB or SPY.
Correlation
The correlation between ITUB and SPY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ITUB vs. SPY - Performance Comparison
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Key characteristics
ITUB:
0.75
SPY:
0.68
ITUB:
1.36
SPY:
1.13
ITUB:
1.17
SPY:
1.17
ITUB:
0.89
SPY:
0.76
ITUB:
2.14
SPY:
2.93
ITUB:
11.50%
SPY:
4.87%
ITUB:
28.46%
SPY:
20.29%
ITUB:
-69.33%
SPY:
-55.19%
ITUB:
0.00%
SPY:
-3.85%
Returns By Period
In the year-to-date period, ITUB achieves a 54.67% return, which is significantly higher than SPY's 0.56% return. Over the past 10 years, ITUB has underperformed SPY with an annualized return of 8.10%, while SPY has yielded a comparatively higher 12.67% annualized return.
ITUB
54.67%
19.48%
30.72%
21.31%
25.15%
8.10%
SPY
0.56%
8.99%
-0.98%
13.71%
17.23%
12.67%
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Risk-Adjusted Performance
ITUB vs. SPY — Risk-Adjusted Performance Rank
ITUB
SPY
ITUB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Itaú Unibanco Holding S.A. (ITUB) 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
ITUB vs. SPY - Dividend Comparison
ITUB's dividend yield for the trailing twelve months is around 6.32%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITUB Itaú Unibanco Holding S.A. | 6.32% | 10.12% | 3.65% | 4.18% | 3.99% | 4.51% | 8.05% | 6.85% | 3.68% | 4.66% | 8.23% | 3.50% |
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
ITUB vs. SPY - Drawdown Comparison
The maximum ITUB drawdown since its inception was -69.33%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ITUB and SPY. For additional features, visit the drawdowns tool.
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Volatility
ITUB vs. SPY - Volatility Comparison
Itaú Unibanco Holding S.A. (ITUB) has a higher volatility of 8.40% compared to SPDR S&P 500 ETF (SPY) at 6.24%. This indicates that ITUB'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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