NEOG vs. SPY
Compare and contrast key facts about Neogen Corporation (NEOG) 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: NEOG or SPY.
Correlation
The correlation between NEOG and SPY is 0.30, 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
NEOG vs. SPY - Performance Comparison
Key characteristics
NEOG:
-0.65
SPY:
1.99
NEOG:
-0.76
SPY:
2.66
NEOG:
0.91
SPY:
1.36
NEOG:
-0.38
SPY:
3.02
NEOG:
-1.51
SPY:
12.56
NEOG:
19.43%
SPY:
2.02%
NEOG:
45.36%
SPY:
12.74%
NEOG:
-79.64%
SPY:
-55.19%
NEOG:
-77.37%
SPY:
-1.96%
Returns By Period
In the year-to-date period, NEOG achieves a -9.88% return, which is significantly lower than SPY's 1.99% return. Over the past 10 years, NEOG has underperformed SPY with an annualized return of -5.10%, while SPY has yielded a comparatively higher 13.27% annualized return.
NEOG
-9.88%
-10.69%
-32.26%
-30.01%
-20.66%
-5.10%
SPY
1.99%
0.98%
16.28%
22.47%
14.20%
13.27%
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Risk-Adjusted Performance
NEOG vs. SPY — Risk-Adjusted Performance Rank
NEOG
SPY
NEOG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neogen Corporation (NEOG) 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
NEOG vs. SPY - Dividend Comparison
NEOG has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEOG Neogen Corporation | 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 | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NEOG vs. SPY - Drawdown Comparison
The maximum NEOG drawdown since its inception was -79.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NEOG and SPY. For additional features, visit the drawdowns tool.
Volatility
NEOG vs. SPY - Volatility Comparison
Neogen Corporation (NEOG) has a higher volatility of 13.43% compared to SPDR S&P 500 ETF (SPY) at 4.00%. This indicates that NEOG'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.