Correlation
The correlation between NLOP and SPY is 0.33, 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.
NLOP vs. SPY
Compare and contrast key facts about Net Lease Office Properties (NLOP) 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: NLOP or SPY.
Performance
NLOP vs. SPY - Performance Comparison
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Key characteristics
NLOP:
1.25
SPY:
0.70
NLOP:
1.82
SPY:
1.02
NLOP:
1.21
SPY:
1.15
NLOP:
1.78
SPY:
0.68
NLOP:
5.72
SPY:
2.57
NLOP:
6.00%
SPY:
4.93%
NLOP:
28.85%
SPY:
20.42%
NLOP:
-19.23%
SPY:
-55.19%
NLOP:
-6.36%
SPY:
-3.55%
Returns By Period
In the year-to-date period, NLOP achieves a 0.00% return, which is significantly lower than SPY's 0.87% return.
NLOP
0.00%
2.33%
-4.67%
31.47%
N/A
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
NLOP vs. SPY — Risk-Adjusted Performance Rank
NLOP
SPY
NLOP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Net Lease Office Properties (NLOP) 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
NLOP vs. SPY - Dividend Comparison
NLOP has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLOP Net Lease Office Properties | 0.00% | 0.00% | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NLOP vs. SPY - Drawdown Comparison
The maximum NLOP drawdown since its inception was -19.23%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NLOP and SPY.
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Volatility
NLOP vs. SPY - Volatility Comparison
The current volatility for Net Lease Office Properties (NLOP) is 3.63%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that NLOP 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.
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