NOA vs. SPY
Compare and contrast key facts about North American Construction Group Ltd (NOA) 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: NOA or SPY.
Correlation
The correlation between NOA and SPY is 0.35, 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
NOA vs. SPY - Performance Comparison
Key characteristics
NOA:
-0.58
SPY:
1.91
NOA:
-0.66
SPY:
2.57
NOA:
0.91
SPY:
1.35
NOA:
-0.59
SPY:
2.88
NOA:
-0.95
SPY:
11.96
NOA:
20.91%
SPY:
2.03%
NOA:
34.14%
SPY:
12.68%
NOA:
-93.58%
SPY:
-55.19%
NOA:
-24.79%
SPY:
0.00%
Returns By Period
In the year-to-date period, NOA achieves a -12.68% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, NOA has outperformed SPY with an annualized return of 22.83%, while SPY has yielded a comparatively lower 13.21% annualized return.
NOA
-12.68%
-7.91%
1.57%
-21.40%
14.03%
22.83%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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Risk-Adjusted Performance
NOA vs. SPY — Risk-Adjusted Performance Rank
NOA
SPY
NOA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for North American Construction Group Ltd (NOA) 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
NOA vs. SPY - Dividend Comparison
NOA's dividend yield for the trailing twelve months is around 1.62%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOA North American Construction Group Ltd | 1.62% | 1.42% | 1.42% | 1.84% | 0.85% | 1.21% | 0.91% | 0.69% | 1.66% | 2.08% | 4.34% | 2.29% |
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
NOA vs. SPY - Drawdown Comparison
The maximum NOA drawdown since its inception was -93.58%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NOA and SPY. For additional features, visit the drawdowns tool.
Volatility
NOA vs. SPY - Volatility Comparison
North American Construction Group Ltd (NOA) has a higher volatility of 6.96% compared to SPDR S&P 500 ETF (SPY) at 3.13%. This indicates that NOA'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.