IX vs. SPY
Compare and contrast key facts about ORIX Corporation (IX) 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: IX or SPY.
Key characteristics
| IX | SPY | |
|---|---|---|
| YTD Return | 11.10% | 5.46% |
| 1Y Return | 22.93% | 22.99% |
| 3Y Return (Ann) | 10.46% | 7.85% |
| 5Y Return (Ann) | 11.78% | 13.16% |
| 10Y Return (Ann) | 7.11% | 12.40% |
| Sharpe Ratio | 1.09 | 1.97 |
| Daily Std Dev | 20.44% | 11.75% |
| Max Drawdown | -93.80% | -55.19% |
| Current Drawdown | -7.87% | -4.48% |
Correlation
The correlation between IX and SPY is 0.36, 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
IX vs. SPY - Performance Comparison
In the year-to-date period, IX achieves a 11.10% return, which is significantly higher than SPY's 5.46% return. Over the past 10 years, IX has underperformed SPY with an annualized return of 7.11%, while SPY has yielded a comparatively higher 12.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
IX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ORIX Corporation (IX) 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
IX vs. SPY - Dividend Comparison
IX's dividend yield for the trailing twelve months is around 1.42%, more than SPY's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IX ORIX Corporation | 1.42% | 3.22% | 1.94% | 1.93% | 4.64% | 4.47% | 4.33% | 2.98% | 2.69% | 3.32% | 1.79% | 0.73% |
SPY SPDR S&P 500 ETF | 1.35% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IX vs. SPY - Drawdown Comparison
The maximum IX drawdown since its inception was -93.80%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IX and SPY. For additional features, visit the drawdowns tool.
Volatility
IX vs. SPY - Volatility Comparison
ORIX Corporation (IX) has a higher volatility of 6.40% compared to SPDR S&P 500 ETF (SPY) at 3.26%. This indicates that IX'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.