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KNX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between KNX and SPY is 0.40, 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.


-0.50.00.51.00.4

Performance

KNX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Knight-Swift Transportation Holdings Inc. (KNX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

2,000.00%2,500.00%3,000.00%3,500.00%4,000.00%JulyAugustSeptemberOctoberNovemberDecember
3,482.99%
2,068.68%
KNX
SPY

Key characteristics

Sharpe Ratio

KNX:

-0.22

SPY:

2.03

Sortino Ratio

KNX:

-0.12

SPY:

2.71

Omega Ratio

KNX:

0.99

SPY:

1.38

Calmar Ratio

KNX:

-0.24

SPY:

3.02

Martin Ratio

KNX:

-0.47

SPY:

13.49

Ulcer Index

KNX:

13.00%

SPY:

1.88%

Daily Std Dev

KNX:

28.37%

SPY:

12.48%

Max Drawdown

KNX:

-60.91%

SPY:

-55.19%

Current Drawdown

KNX:

-15.10%

SPY:

-3.54%

Returns By Period

In the year-to-date period, KNX achieves a -7.85% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, KNX has underperformed SPY with an annualized return of 5.68%, while SPY has yielded a comparatively higher 12.94% annualized return.


KNX

YTD

-7.85%

1M

-6.35%

6M

12.55%

1Y

-9.06%

5Y*

9.00%

10Y*

5.68%

SPY

YTD

24.51%

1M

-0.32%

6M

7.56%

1Y

24.63%

5Y*

14.51%

10Y*

12.94%

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Risk-Adjusted Performance

KNX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Knight-Swift Transportation Holdings Inc. (KNX) 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.


Sharpe ratio
The chart of Sharpe ratio for KNX, currently valued at -0.22, compared to the broader market-4.00-2.000.002.00-0.222.03
The chart of Sortino ratio for KNX, currently valued at -0.12, compared to the broader market-4.00-2.000.002.004.00-0.122.71
The chart of Omega ratio for KNX, currently valued at 0.99, compared to the broader market0.501.001.502.000.991.38
The chart of Calmar ratio for KNX, currently valued at -0.24, compared to the broader market0.002.004.006.00-0.243.02
The chart of Martin ratio for KNX, currently valued at -0.47, compared to the broader market0.0010.0020.00-0.4713.49
KNX
SPY

The current KNX Sharpe Ratio is -0.22, which is lower than the SPY Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of KNX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.22
2.03
KNX
SPY

Dividends

KNX vs. SPY - Dividend Comparison

KNX's dividend yield for the trailing twelve months is around 1.22%, more than SPY's 0.87% yield.


TTM20232022202120202019201820172016201520142013
KNX
Knight-Swift Transportation Holdings Inc.
1.22%0.97%0.92%0.62%0.77%0.67%0.96%0.55%0.73%0.99%0.71%1.31%
SPY
SPDR S&P 500 ETF
0.87%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

KNX vs. SPY - Drawdown Comparison

The maximum KNX drawdown since its inception was -60.91%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KNX and SPY. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-15.10%
-3.54%
KNX
SPY

Volatility

KNX vs. SPY - Volatility Comparison

Knight-Swift Transportation Holdings Inc. (KNX) has a higher volatility of 6.69% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that KNX'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.


2.00%4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
6.69%
3.64%
KNX
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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