Correlation
The correlation between KAR and SPY is 0.53, 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.
KAR vs. SPY
Compare and contrast key facts about KAR Auction Services, Inc. (KAR) 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: KAR or SPY.
Performance
KAR vs. SPY - Performance Comparison
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Key characteristics
KAR:
1.01
SPY:
0.70
KAR:
1.79
SPY:
1.02
KAR:
1.22
SPY:
1.15
KAR:
0.83
SPY:
0.68
KAR:
4.26
SPY:
2.57
KAR:
8.21%
SPY:
4.93%
KAR:
33.47%
SPY:
20.42%
KAR:
-64.48%
SPY:
-55.19%
KAR:
-14.27%
SPY:
-3.55%
Returns By Period
In the year-to-date period, KAR achieves a 15.57% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, KAR has underperformed SPY with an annualized return of 6.51%, while SPY has yielded a comparatively higher 12.73% annualized return.
KAR
15.57%
23.88%
13.51%
33.55%
12.81%
9.83%
6.51%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
KAR vs. SPY — Risk-Adjusted Performance Rank
KAR
SPY
KAR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KAR Auction Services, Inc. (KAR) 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
KAR vs. SPY - Dividend Comparison
KAR has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KAR KAR Auction Services, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.02% | 2.96% | 2.93% | 2.59% | 2.79% | 2.92% | 2.94% |
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
KAR vs. SPY - Drawdown Comparison
The maximum KAR drawdown since its inception was -64.48%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KAR and SPY.
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Volatility
KAR vs. SPY - Volatility Comparison
KAR Auction Services, Inc. (KAR) has a higher volatility of 13.13% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that KAR'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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