NOA vs. SPY
Compare and contrast key facts about North American Construction Group Ltd (NOA) and State Street 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.
Performance
NOA vs. SPY - Performance Comparison
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NOA vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOA North American Construction Group Ltd | -6.81% | -31.98% | 5.16% | 58.49% | -9.78% | 54.32% | -17.24% | 37.27% | 81.63% | 30.91% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, NOA achieves a -6.81% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, NOA has outperformed SPY with an annualized return of 22.87%, while SPY has yielded a comparatively lower 14.06% annualized return.
NOA
- 1D
- -1.26%
- 1M
- -20.52%
- YTD
- -6.81%
- 6M
- -7.78%
- 1Y
- -14.88%
- 3Y*
- -5.57%
- 5Y*
- 5.14%
- 10Y*
- 22.87%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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Return for Risk
NOA vs. SPY — Risk / Return Rank
NOA
SPY
NOA vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North American Construction Group Ltd (NOA) and State Street 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.
| NOA | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.29 | 0.96 | -1.24 |
Sortino ratioReturn per unit of downside risk | -0.03 | 1.49 | -1.52 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.23 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.53 | -1.96 |
Martin ratioReturn relative to average drawdown | -0.80 | 7.27 | -8.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOA | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | 0.96 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.70 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.79 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.56 | -0.56 |
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.
Dividends
NOA vs. SPY - Dividend Comparison
NOA's dividend yield for the trailing twelve months is around 2.60%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOA North American Construction Group Ltd | 2.60% | 2.39% | 1.42% | 1.54% | 1.84% | 0.85% | 1.21% | 0.74% | 0.73% | 1.62% | 2.08% | 4.62% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
NOA vs. SPY - Drawdown Comparison
The maximum NOA drawdown since its inception was -93.59%, 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.
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Drawdown Indicators
| NOA | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.59% | -55.19% | -38.40% |
Max Drawdown (1Y)Largest decline over 1 year | -32.31% | -12.05% | -20.26% |
Max Drawdown (5Y)Largest decline over 5 years | -50.67% | -24.50% | -26.17% |
Max Drawdown (10Y)Largest decline over 10 years | -68.41% | -33.72% | -34.69% |
Current DrawdownCurrent decline from peak | -45.40% | -5.53% | -39.87% |
Average DrawdownAverage peak-to-trough decline | -55.82% | -9.09% | -46.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.11% | 2.54% | +14.57% |
Volatility
NOA vs. SPY - Volatility Comparison
North American Construction Group Ltd (NOA) has a higher volatility of 34.87% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. 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.
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Volatility by Period
| NOA | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.87% | 5.35% | +29.52% |
Volatility (6M)Calculated over the trailing 6-month period | 41.94% | 9.50% | +32.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.99% | 19.06% | +32.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.45% | 17.06% | +25.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.20% | 17.92% | +28.28% |