JRONY vs. SPY
JRONY (Jerónimo Martins ADR) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, JRONY returned 5.47%/yr vs 15.09%/yr for SPY. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
JRONY vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, JRONY achieves a -11.83% return, which is significantly lower than SPY's 11.70% return. Over the past 10 years, JRONY has underperformed SPY with an annualized return of 5.47%, while SPY has yielded a comparatively higher 15.09% annualized return.
JRONY
- 1D
- 1.25%
- 1M
- 5.55%
- 6M
- -11.70%
- YTD
- -11.83%
- 1Y
- -11.63%
- 3Y*
- -5.72%
- 5Y*
- 2.12%
- 10Y*
- 5.47%
- ALL TIME*
- 11.71%
SPY
- 1D
- 1.42%
- 1M
- 1.73%
- 6M
- 9.53%
- YTD
- 11.70%
- 1Y
- 23.22%
- 3Y*
- 20.74%
- 5Y*
- 13.05%
- 10Y*
- 15.09%
- ALL TIME*
- 10.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
JRONY Jerónimo Martins ADR | $1.22M | $1.56M | $1.47M |
| $38.19B | $36.17B | $39.59B |
JRONY vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JRONY Jerónimo Martins ADR | -11.83% | 28.14% | -22.47% | 20.68% | -3.86% | 39.97% | 4.99% | 47.44% | -37.77% | 34.19% |
SPY State Street SPDR S&P 500 ETF | 11.70% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between JRONY and SPY is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2008 | 0.20 |
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Return for Risk
JRONY vs. SPY — Risk / Return Rank
JRONY
SPY
JRONY vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Jerónimo Martins ADR (JRONY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JRONY | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.32 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.62 | -3.04 |
| Martin ratioReturn relative to average drawdown | -0.97 | 11.20 | -12.17 |
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Drawdowns
JRONY vs. SPY - Drawdown Comparison
The maximum JRONY drawdown since its inception was -62.59%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JRONY and SPY.
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Drawdown Indicators
| JRONY | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.59% | -55.19% | -7.40% |
Max Drawdown (1Y)Largest decline over 1 year | -27.98% | -8.88% | -19.10% |
Max Drawdown (3Y)Largest decline over 3 years | -36.49% | -18.76% | -17.73% |
Max Drawdown (5Y)Largest decline over 5 years | -42.93% | -24.50% | -18.43% |
Max Drawdown (10Y)Largest decline over 10 years | -44.55% | -33.72% | -10.83% |
Current DrawdownCurrent decline from peak | -25.56% | 0.00% | -25.56% |
Average DrawdownAverage peak-to-trough decline | -17.25% | -9.01% | -8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.96% | 2.08% | +9.88% |
Volatility
JRONY vs. SPY - Volatility Comparison
Jerónimo Martins ADR (JRONY) has a higher volatility of 8.88% compared to State Street SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that JRONY'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
| JRONY | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.88% | 3.84% | +5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 19.95% | 10.23% | +9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.33% | 12.87% | +12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.86% | 17.19% | +12.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.45% | 17.96% | +11.49% |
Dividends
JRONY vs. SPY - Dividend Comparison
JRONY's dividend yield for the trailing twelve months is around 3.77%, more than SPY's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JRONY Jerónimo Martins ADR | 3.77% | 2.72% | 3.70% | 2.39% | 3.83% | 1.48% | 2.35% | 2.18% | 6.50% | 7.13% | 10.27% | 5.18% |
SPY State Street SPDR S&P 500 ETF | 0.99% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
JRONY and SPY have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JRONY has higher volatility (8.88%) compared to SPY (3.84%). In terms of maximum drawdown, JRONY dropped -62.59% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.82 vs -0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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