LNVGY vs. SPY
Compare and contrast key facts about Lenovo Group Limited (LNVGY) 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: LNVGY or SPY.
Key characteristics
| LNVGY | SPY | |
|---|---|---|
| YTD Return | -6.08% | 10.44% |
| 1Y Return | 37.90% | 28.54% |
| 3Y Return (Ann) | 8.61% | 9.53% |
| 5Y Return (Ann) | 15.44% | 14.57% |
| 10Y Return (Ann) | 6.05% | 12.81% |
| Sharpe Ratio | 0.98 | 2.52 |
| Daily Std Dev | 44.20% | 11.50% |
| Max Drawdown | -84.28% | -55.19% |
| Current Drawdown | -8.40% | 0.00% |
Correlation
The correlation between LNVGY and SPY is 0.28, 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
LNVGY vs. SPY - Performance Comparison
In the year-to-date period, LNVGY achieves a -6.08% return, which is significantly lower than SPY's 10.44% return. Over the past 10 years, LNVGY has underperformed SPY with an annualized return of 6.05%, while SPY has yielded a comparatively higher 12.81% annualized 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
LNVGY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lenovo Group Limited (LNVGY) 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
LNVGY vs. SPY - Dividend Comparison
LNVGY's dividend yield for the trailing twelve months is around 3.70%, more than SPY's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LNVGY Lenovo Group Limited | 3.70% | 3.47% | 5.99% | 3.61% | 3.88% | 5.37% | 5.04% | 6.04% | 5.69% | 3.41% | 2.36% | 2.11% |
SPY SPDR S&P 500 ETF | 1.28% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
LNVGY vs. SPY - Drawdown Comparison
The maximum LNVGY drawdown since its inception was -84.28%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LNVGY and SPY. For additional features, visit the drawdowns tool.
Volatility
LNVGY vs. SPY - Volatility Comparison
Lenovo Group Limited (LNVGY) has a higher volatility of 11.65% compared to SPDR S&P 500 ETF (SPY) at 3.34%. This indicates that LNVGY'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.