KAI vs. SPY
Compare and contrast key facts about Kadant Inc. (KAI) 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: KAI or SPY.
Correlation
The correlation between KAI and SPY is 0.41, 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
KAI vs. SPY - Performance Comparison
Key characteristics
KAI:
0.49
SPY:
1.87
KAI:
0.92
SPY:
2.52
KAI:
1.11
SPY:
1.35
KAI:
0.71
SPY:
2.81
KAI:
1.38
SPY:
11.69
KAI:
11.94%
SPY:
2.02%
KAI:
33.58%
SPY:
12.65%
KAI:
-93.36%
SPY:
-55.19%
KAI:
-6.50%
SPY:
0.00%
Returns By Period
In the year-to-date period, KAI achieves a 14.62% return, which is significantly higher than SPY's 4.58% return. Over the past 10 years, KAI has outperformed SPY with an annualized return of 26.49%, while SPY has yielded a comparatively lower 13.23% annualized return.
KAI
14.62%
7.64%
26.50%
25.07%
32.68%
26.49%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
KAI vs. SPY — Risk-Adjusted Performance Rank
KAI
SPY
KAI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kadant Inc. (KAI) 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
KAI vs. SPY - Dividend Comparison
KAI's dividend yield for the trailing twelve months is around 0.32%, less than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KAI Kadant Inc. | 0.32% | 0.36% | 0.40% | 0.58% | 0.43% | 0.67% | 0.86% | 1.07% | 0.82% | 1.21% | 1.63% | 1.35% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
KAI vs. SPY - Drawdown Comparison
The maximum KAI drawdown since its inception was -93.36%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KAI and SPY. For additional features, visit the drawdowns tool.
Volatility
KAI vs. SPY - Volatility Comparison
Kadant Inc. (KAI) has a higher volatility of 11.56% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that KAI'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.