MTA vs. SPY
Compare and contrast key facts about Metalla Royalty & Streaming Ltd. (MTA) 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: MTA or SPY.
Correlation
The correlation between MTA and SPY is 0.18, 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
MTA vs. SPY - Performance Comparison
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Key characteristics
MTA:
0.08
SPY:
0.66
MTA:
0.58
SPY:
1.12
MTA:
1.06
SPY:
1.17
MTA:
0.07
SPY:
0.75
MTA:
0.26
SPY:
2.92
MTA:
20.96%
SPY:
4.86%
MTA:
53.70%
SPY:
20.32%
MTA:
-81.73%
SPY:
-55.19%
MTA:
-76.61%
SPY:
-4.60%
Returns By Period
In the year-to-date period, MTA achieves a 21.91% return, which is significantly higher than SPY's -0.23% return.
MTA
21.91%
0.33%
-12.07%
2.34%
-8.63%
N/A
SPY
-0.23%
9.19%
-2.01%
13.36%
17.44%
12.59%
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Risk-Adjusted Performance
MTA vs. SPY — Risk-Adjusted Performance Rank
MTA
SPY
MTA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metalla Royalty & Streaming Ltd. (MTA) 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
MTA vs. SPY - Dividend Comparison
MTA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTA Metalla Royalty & Streaming Ltd. | 0.00% | 0.00% | 0.74% | 0.00% | 0.00% | 0.09% | 0.79% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MTA vs. SPY - Drawdown Comparison
The maximum MTA drawdown since its inception was -81.73%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MTA and SPY. For additional features, visit the drawdowns tool.
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Volatility
MTA vs. SPY - Volatility Comparison
Metalla Royalty & Streaming Ltd. (MTA) has a higher volatility of 13.26% compared to SPDR S&P 500 ETF (SPY) at 6.39%. This indicates that MTA'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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