KEN vs. SPYD
KEN (Kenon Holdings Ltd.) is a stock, while SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) is S&P 500 fund tracking the S&P 500 High Dividend Index. Over the past 10 years, KEN returned 39.18%/yr vs 8.60%/yr for SPYD. At a 0.19 correlation, their price movements are largely independent.
Performance
KEN vs. SPYD - Performance Comparison
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Returns By Period
In the year-to-date period, KEN achieves a 5.37% return, which is significantly lower than SPYD's 17.05% return. Over the past 10 years, KEN has outperformed SPYD with an annualized return of 39.18%, while SPYD has yielded a comparatively lower 8.60% annualized return.
KEN
- 1D
- -1.49%
- 1M
- -4.13%
- 6M
- 1.01%
- YTD
- 5.37%
- 1Y
- 50.20%
- 3Y*
- 57.96%
- 5Y*
- 32.49%
- 10Y*
- 39.18%
SPYD
- 1D
- 1.89%
- 1M
- 3.24%
- 6M
- 12.25%
- YTD
- 17.05%
- 1Y
- 20.36%
- 3Y*
- 14.55%
- 5Y*
- 9.48%
- 10Y*
- 8.60%
KEN vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KEN Kenon Holdings Ltd. | 5.37% | 126.18% | 62.44% | -19.16% | -23.73% | 93.65% | 57.17% | 50.73% | 23.06% | 85.88% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 17.05% | 4.65% | 15.34% | 3.91% | -1.17% | 32.73% | -11.64% | 21.20% | -4.89% | 12.67% |
Correlation
The correlation between KEN and SPYD is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2015 | 0.19 |
The correlation between KEN and SPYD shifts across timeframes, from 0.10 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KEN vs. SPYD — Risk / Return Rank
KEN
SPYD
KEN vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kenon Holdings Ltd. (KEN) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
| KEN | SPYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.90 | -1.31 |
| Martin ratioReturn relative to average drawdown | 4.57 | 8.35 | -3.78 |
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Drawdowns
KEN vs. SPYD - Drawdown Comparison
The maximum KEN drawdown since its inception was -69.20%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for KEN and SPYD.
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Drawdown Indicators
| KEN | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.20% | -46.42% | -22.78% |
Max Drawdown (1Y)Largest decline over 1 year | -31.72% | -7.05% | -24.67% |
Max Drawdown (3Y)Largest decline over 3 years | -32.27% | -16.13% | -16.14% |
Max Drawdown (5Y)Largest decline over 5 years | -69.20% | -22.25% | -46.95% |
Max Drawdown (10Y)Largest decline over 10 years | -69.20% | -46.42% | -22.78% |
Current DrawdownCurrent decline from peak | -30.06% | 0.00% | -30.06% |
Average DrawdownAverage peak-to-trough decline | -23.24% | -6.11% | -17.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | 2.44% | +8.57% |
Volatility
KEN vs. SPYD - Volatility Comparison
Kenon Holdings Ltd. (KEN) has a higher volatility of 11.12% compared to State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 4.33%. This indicates that KEN's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KEN | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.12% | 4.33% | +6.79% |
Volatility (6M)Calculated over the trailing 6-month period | 31.77% | 8.31% | +23.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.93% | 11.93% | +28.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.93% | 16.05% | +23.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.87% | 19.76% | +22.11% |
Dividends
KEN vs. SPYD - Dividend Comparison
KEN's dividend yield for the trailing twelve months is around 5.76%, more than SPYD's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KEN Kenon Holdings Ltd. | 5.76% | 7.24% | 11.18% | 11.46% | 25.00% | 7.35% | 7.41% | 5.75% | 96.34% | 0.00% | 0.00% | 45.52% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.10% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
KEN and SPYD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KEN has higher volatility (11.12%) compared to SPYD (4.33%). In terms of maximum drawdown, KEN dropped -69.20% vs SPYD's -46.42%.
SPYD currently has the higher Sharpe Ratio (1.72 vs 1.27), 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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