NEXA vs. SPY
Compare and contrast key facts about Nexa Resources S.A. (NEXA) 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: NEXA or SPY.
Correlation
The correlation between NEXA and SPY is 0.31, 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
NEXA vs. SPY - Performance Comparison
Key characteristics
NEXA:
-0.46
SPY:
1.75
NEXA:
-0.39
SPY:
2.36
NEXA:
0.95
SPY:
1.32
NEXA:
-0.29
SPY:
2.66
NEXA:
-1.38
SPY:
11.01
NEXA:
14.50%
SPY:
2.03%
NEXA:
43.43%
SPY:
12.77%
NEXA:
-85.01%
SPY:
-55.19%
NEXA:
-66.69%
SPY:
-2.12%
Returns By Period
In the year-to-date period, NEXA achieves a -38.30% return, which is significantly lower than SPY's 2.36% return.
NEXA
-38.30%
-14.22%
-17.73%
-21.08%
-6.63%
N/A
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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Risk-Adjusted Performance
NEXA vs. SPY — Risk-Adjusted Performance Rank
NEXA
SPY
NEXA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nexa Resources S.A. (NEXA) 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
NEXA vs. SPY - Dividend Comparison
NEXA 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEXA Nexa Resources S.A. | 0.00% | 0.00% | 2.65% | 6.27% | 3.36% | 3.92% | 6.45% | 5.04% | 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
NEXA vs. SPY - Drawdown Comparison
The maximum NEXA drawdown since its inception was -85.01%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NEXA and SPY. For additional features, visit the drawdowns tool.
Volatility
NEXA vs. SPY - Volatility Comparison
Nexa Resources S.A. (NEXA) has a higher volatility of 24.24% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that NEXA'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.