NEE vs. SPY
Compare and contrast key facts about NextEra Energy, Inc. (NEE) 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: NEE or SPY.
Correlation
The correlation between NEE and SPY is 0.44, 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
NEE vs. SPY - Performance Comparison
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Key characteristics
NEE:
-0.11
SPY:
0.50
NEE:
0.21
SPY:
0.88
NEE:
1.03
SPY:
1.13
NEE:
0.02
SPY:
0.56
NEE:
0.04
SPY:
2.17
NEE:
12.22%
SPY:
4.85%
NEE:
28.38%
SPY:
20.02%
NEE:
-47.81%
SPY:
-55.19%
NEE:
-17.94%
SPY:
-7.65%
Returns By Period
In the year-to-date period, NEE achieves a -1.12% return, which is significantly higher than SPY's -3.42% return. Over the past 10 years, NEE has outperformed SPY with an annualized return of 13.79%, while SPY has yielded a comparatively lower 12.35% annualized return.
NEE
-1.12%
5.38%
-7.28%
-2.03%
6.91%
13.79%
SPY
-3.42%
7.58%
-5.06%
9.73%
15.77%
12.35%
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Risk-Adjusted Performance
NEE vs. SPY — Risk-Adjusted Performance Rank
NEE
SPY
NEE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NextEra Energy, Inc. (NEE) 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
NEE vs. SPY - Dividend Comparison
NEE's dividend yield for the trailing twelve months is around 3.00%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 3.00% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% | 2.73% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NEE vs. SPY - Drawdown Comparison
The maximum NEE drawdown since its inception was -47.81%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NEE and SPY. For additional features, visit the drawdowns tool.
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Volatility
NEE vs. SPY - Volatility Comparison
NextEra Energy, Inc. (NEE) has a higher volatility of 7.95% compared to SPDR S&P 500 ETF (SPY) at 7.48%. This indicates that NEE'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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