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 0.11, 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:
1.56
SPY:
0.51
NECB:
2.14
SPY:
0.86
NECB:
1.28
SPY:
1.13
NECB:
1.56
SPY:
0.55
NECB:
3.44
SPY:
2.26
NECB:
14.61%
SPY:
4.55%
NECB:
32.17%
SPY:
20.08%
NECB:
-60.10%
SPY:
-55.19%
NECB:
-25.94%
SPY:
-9.89%
Returns By Period
The year-to-date returns for both investments are quite close, with NECB having a -5.81% return and SPY slightly higher at -5.76%. Over the past 10 years, NECB has outperformed SPY with an annualized return of 35.18%, while SPY has yielded a comparatively lower 12.16% annualized return.
NECB
-5.81%
-2.15%
-15.20%
47.71%
50.20%
35.18%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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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 3.31%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NECB Northeast Community Bancorp, Inc. | 3.31% | 2.29% | 1.01% | 2.82% | 1.82% | 1.11% | 1.01% | 1.08% | 1.19% | 1.65% | 1.69% | 1.66% |
SPY SPDR S&P 500 ETF | 1.30% | 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 -60.10%, 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
The current volatility for Northeast Community Bancorp, Inc. (NECB) is 12.86%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that NECB experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.