NECB vs. SPY
Compare and contrast key facts about Northeast Community Bancorp, Inc. (NECB) 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: NECB or SPY.
Correlation
The correlation between NECB and SPY is 0.16, 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
NECB vs. SPY - Performance Comparison
Key characteristics
NECB:
1.31
SPY:
-0.09
NECB:
1.87
SPY:
-0.02
NECB:
1.24
SPY:
1.00
NECB:
1.30
SPY:
-0.09
NECB:
3.19
SPY:
-0.45
NECB:
12.85%
SPY:
3.31%
NECB:
31.29%
SPY:
15.87%
NECB:
-61.89%
SPY:
-55.19%
NECB:
-31.66%
SPY:
-17.32%
Returns By Period
The year-to-date returns for both stocks are quite close, with NECB having a -13.07% return and SPY slightly lower at -13.53%. Over the past 10 years, NECB has outperformed SPY with an annualized return of 20.54%, while SPY has yielded a comparatively lower 11.17% annualized return.
NECB
-13.07%
-6.34%
-11.89%
41.57%
37.40%
20.54%
SPY
-13.53%
-12.00%
-11.25%
-1.30%
15.50%
11.17%
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Risk-Adjusted Performance
NECB vs. SPY — Risk-Adjusted Performance Rank
NECB
SPY
NECB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northeast Community Bancorp, Inc. (NECB) 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
NECB vs. SPY - Dividend Comparison
NECB's dividend yield for the trailing twelve months is around 2.60%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NECB Northeast Community Bancorp, Inc. | 2.60% | 2.29% | 1.01% | 2.82% | 1.82% | 1.09% | 1.00% | 1.08% | 1.19% | 1.65% | 1.69% | 1.66% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NECB vs. SPY - Drawdown Comparison
The maximum NECB drawdown since its inception was -61.89%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NECB and SPY. For additional features, visit the drawdowns tool.
Volatility
NECB vs. SPY - Volatility Comparison
Northeast Community Bancorp, Inc. (NECB) has a higher volatility of 12.13% compared to SPDR S&P 500 ETF (SPY) at 9.29%. This indicates that NECB'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.