Correlation
The correlation between KVUE and SPY is 0.19, 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.
KVUE vs. SPY
Compare and contrast key facts about Kenvue Inc. (KVUE) 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: KVUE or SPY.
Performance
KVUE vs. SPY - Performance Comparison
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Key characteristics
KVUE:
1.11
SPY:
0.70
KVUE:
1.82
SPY:
1.02
KVUE:
1.22
SPY:
1.15
KVUE:
0.87
SPY:
0.68
KVUE:
4.53
SPY:
2.57
KVUE:
6.32%
SPY:
4.93%
KVUE:
27.65%
SPY:
20.42%
KVUE:
-33.22%
SPY:
-55.19%
KVUE:
-6.29%
SPY:
-3.55%
Returns By Period
In the year-to-date period, KVUE achieves a 13.90% return, which is significantly higher than SPY's 0.87% return.
KVUE
13.90%
0.50%
0.98%
28.33%
N/A
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
KVUE vs. SPY — Risk-Adjusted Performance Rank
KVUE
SPY
KVUE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kenvue Inc. (KVUE) 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
KVUE vs. SPY - Dividend Comparison
KVUE's dividend yield for the trailing twelve months is around 3.44%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KVUE Kenvue Inc. | 3.44% | 3.79% | 1.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
KVUE vs. SPY - Drawdown Comparison
The maximum KVUE drawdown since its inception was -33.22%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KVUE and SPY.
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Volatility
KVUE vs. SPY - Volatility Comparison
Kenvue Inc. (KVUE) has a higher volatility of 7.57% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that KVUE'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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