MOD vs. SPY
Compare and contrast key facts about Modine Manufacturing Company (MOD) 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: MOD or SPY.
Key characteristics
| MOD | SPY | |
|---|---|---|
| YTD Return | 57.71% | 6.58% |
| 1Y Return | 347.69% | 25.57% |
| 3Y Return (Ann) | 77.87% | 8.08% |
| 5Y Return (Ann) | 44.02% | 13.25% |
| 10Y Return (Ann) | 19.00% | 12.38% |
| Sharpe Ratio | 6.18 | 2.13 |
| Daily Std Dev | 54.21% | 11.60% |
| Max Drawdown | -97.53% | -55.19% |
| Current Drawdown | -8.33% | -3.47% |
Correlation
The correlation between MOD and SPY is 0.47, 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.
Performance
MOD vs. SPY - Performance Comparison
In the year-to-date period, MOD achieves a 57.71% return, which is significantly higher than SPY's 6.58% return. Over the past 10 years, MOD has outperformed SPY with an annualized return of 19.00%, while SPY has yielded a comparatively lower 12.38% 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
MOD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Modine Manufacturing Company (MOD) 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
MOD vs. SPY - Dividend Comparison
MOD has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.33%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOD Modine Manufacturing Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.33% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MOD vs. SPY - Drawdown Comparison
The maximum MOD drawdown since its inception was -97.53%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MOD and SPY. For additional features, visit the drawdowns tool.
Volatility
MOD vs. SPY - Volatility Comparison
Modine Manufacturing Company (MOD) has a higher volatility of 12.43% compared to SPDR S&P 500 ETF (SPY) at 4.03%. This indicates that MOD'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.