JHX vs. SPY
Compare and contrast key facts about James Hardie Industries plc (JHX) 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
JHX vs. SPY - Performance Comparison
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JHX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHX James Hardie Industries plc | -7.52% | -32.65% | -20.33% | 115.55% | -55.39% | 41.66% | 51.02% | 71.63% | -31.53% | 12.83% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 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, JHX achieves a -7.52% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, JHX has underperformed SPY with an annualized return of 4.88%, while SPY has yielded a comparatively higher 14.06% annualized return.
JHX
- 1D
- 1.32%
- 1M
- -19.67%
- YTD
- -7.52%
- 6M
- -2.49%
- 1Y
- -17.00%
- 3Y*
- -3.94%
- 5Y*
- -9.26%
- 10Y*
- 4.88%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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Return for Risk
JHX vs. SPY — Risk / Return Rank
JHX
SPY
JHX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for James Hardie Industries plc (JHX) 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.
| JHX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 0.96 | -1.26 |
Sortino ratioReturn per unit of downside risk | -0.02 | 1.49 | -1.52 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.23 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.53 | -1.96 |
Martin ratioReturn relative to average drawdown | -0.77 | 7.27 | -8.04 |
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
| JHX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 0.96 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.70 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.79 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.56 | -0.33 |
Correlation
The correlation between JHX and SPY is 0.38, 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
JHX vs. SPY - Dividend Comparison
JHX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHX James Hardie Industries plc | 0.00% | 0.00% | 0.00% | 0.00% | 1.67% | 2.70% | 0.00% | 1.83% | 3.41% | 1.61% | 1.90% | 4.58% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
JHX vs. SPY - Drawdown Comparison
The maximum JHX drawdown since its inception was -75.86%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JHX and SPY.
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Drawdown Indicators
| JHX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.86% | -55.19% | -20.67% |
Max Drawdown (1Y)Largest decline over 1 year | -43.73% | -12.05% | -31.68% |
Max Drawdown (5Y)Largest decline over 5 years | -60.26% | -24.50% | -35.76% |
Max Drawdown (10Y)Largest decline over 10 years | -60.26% | -33.72% | -26.54% |
Current DrawdownCurrent decline from peak | -54.31% | -5.53% | -48.78% |
Average DrawdownAverage peak-to-trough decline | -18.05% | -9.09% | -8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.10% | 2.54% | +21.56% |
Volatility
JHX vs. SPY - Volatility Comparison
James Hardie Industries plc (JHX) has a higher volatility of 13.60% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that JHX'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
| JHX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.60% | 5.35% | +8.25% |
Volatility (6M)Calculated over the trailing 6-month period | 29.67% | 9.50% | +20.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.38% | 19.06% | +37.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.47% | 17.06% | +25.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.86% | 17.92% | +21.94% |