NEP vs. SPY
Compare and contrast key facts about NextEra Energy Partners, LP (NEP) 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: NEP or SPY.
Correlation
The correlation between NEP and SPY is 0.34, 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
NEP vs. SPY - Performance Comparison
Key characteristics
NEP:
-1.11
SPY:
1.91
NEP:
-1.68
SPY:
2.57
NEP:
0.76
SPY:
1.35
NEP:
-0.70
SPY:
2.88
NEP:
-2.14
SPY:
11.96
NEP:
27.86%
SPY:
2.03%
NEP:
53.89%
SPY:
12.68%
NEP:
-84.64%
SPY:
-55.19%
NEP:
-84.49%
SPY:
0.00%
Returns By Period
In the year-to-date period, NEP achieves a -40.79% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, NEP has underperformed SPY with an annualized return of -8.18%, while SPY has yielded a comparatively higher 13.21% annualized return.
NEP
-40.79%
-38.18%
-56.76%
-58.73%
-25.34%
-8.18%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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Risk-Adjusted Performance
NEP vs. SPY — Risk-Adjusted Performance Rank
NEP
SPY
NEP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NextEra Energy Partners, LP (NEP) 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
NEP vs. SPY - Dividend Comparison
NEP's dividend yield for the trailing twelve months is around 25.76%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEP NextEra Energy Partners, LP | 25.76% | 20.20% | 11.10% | 4.27% | 3.08% | 3.37% | 3.74% | 3.98% | 3.46% | 5.08% | 3.03% | 0.56% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NEP vs. SPY - Drawdown Comparison
The maximum NEP drawdown since its inception was -84.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NEP and SPY. For additional features, visit the drawdowns tool.
Volatility
NEP vs. SPY - Volatility Comparison
NextEra Energy Partners, LP (NEP) has a higher volatility of 32.18% compared to SPDR S&P 500 ETF (SPY) at 3.13%. This indicates that NEP'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.