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.
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
Key characteristics
LNVGY:
1.13
SPY:
1.88
LNVGY:
1.84
SPY:
2.53
LNVGY:
1.22
SPY:
1.35
LNVGY:
1.76
SPY:
2.83
LNVGY:
3.66
SPY:
11.74
LNVGY:
13.27%
SPY:
2.02%
LNVGY:
43.23%
SPY:
12.64%
LNVGY:
-84.28%
SPY:
-55.19%
LNVGY:
-6.32%
SPY:
-0.42%
Returns By Period
In the year-to-date period, LNVGY achieves a 19.81% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, LNVGY has underperformed SPY with an annualized return of 5.23%, while SPY has yielded a comparatively higher 13.18% annualized return.
LNVGY
19.81%
27.85%
26.80%
45.53%
22.20%
5.23%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
LNVGY vs. SPY — Risk-Adjusted Performance Rank
LNVGY
SPY
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 2.49%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LNVGY Lenovo Group Limited | 2.49% | 2.98% | 3.47% | 5.99% | 3.59% | 3.88% | 5.35% | 5.04% | 6.05% | 5.69% | 7.53% | 2.36% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 14.37% compared to SPDR S&P 500 ETF (SPY) at 2.93%. 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.