KARO vs. SPY
Compare and contrast key facts about Karooooo Ltd. (KARO) 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: KARO or SPY.
Key characteristics
| KARO | SPY | |
|---|---|---|
| YTD Return | 76.50% | 27.04% |
| 1Y Return | 78.63% | 39.75% |
| 3Y Return (Ann) | 9.54% | 10.21% |
| Sharpe Ratio | 1.32 | 3.15 |
| Sortino Ratio | 2.05 | 4.19 |
| Omega Ratio | 1.29 | 1.59 |
| Calmar Ratio | 2.00 | 4.60 |
| Martin Ratio | 10.87 | 20.85 |
| Ulcer Index | 7.24% | 1.85% |
| Daily Std Dev | 59.41% | 12.29% |
| Max Drawdown | -52.12% | -55.19% |
| Current Drawdown | -8.53% | 0.00% |
Correlation
The correlation between KARO and SPY is 0.18, 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
KARO vs. SPY - Performance Comparison
In the year-to-date period, KARO achieves a 76.50% return, which is significantly higher than SPY's 27.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
KARO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Karooooo Ltd. (KARO) 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
KARO vs. SPY - Dividend Comparison
KARO's dividend yield for the trailing twelve months is around 2.59%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KARO Karooooo Ltd. | 2.59% | 3.50% | 2.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
KARO vs. SPY - Drawdown Comparison
The maximum KARO drawdown since its inception was -52.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KARO and SPY. For additional features, visit the drawdowns tool.
Volatility
KARO vs. SPY - Volatility Comparison
Karooooo Ltd. (KARO) has a higher volatility of 23.46% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that KARO'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.