NOAH vs. SPY
Compare and contrast key facts about Noah Holdings Limited (NOAH) 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: NOAH or SPY.
Correlation
The correlation between NOAH and SPY is 0.36, 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
NOAH vs. SPY - Performance Comparison
Key characteristics
NOAH:
0.25
SPY:
1.88
NOAH:
0.80
SPY:
2.52
NOAH:
1.10
SPY:
1.34
NOAH:
0.17
SPY:
2.88
NOAH:
0.68
SPY:
11.98
NOAH:
22.09%
SPY:
2.02%
NOAH:
59.18%
SPY:
12.78%
NOAH:
-86.16%
SPY:
-55.19%
NOAH:
-79.72%
SPY:
-1.30%
Returns By Period
In the year-to-date period, NOAH achieves a -9.65% return, which is significantly lower than SPY's 2.69% return. Over the past 10 years, NOAH has underperformed SPY with an annualized return of -3.54%, while SPY has yielded a comparatively higher 13.37% annualized return.
NOAH
-9.65%
-9.65%
41.07%
13.06%
-16.61%
-3.54%
SPY
2.69%
2.69%
13.66%
24.60%
15.11%
13.37%
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Risk-Adjusted Performance
NOAH vs. SPY — Risk-Adjusted Performance Rank
NOAH
SPY
NOAH vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Noah Holdings Limited (NOAH) 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
NOAH vs. SPY - Dividend Comparison
NOAH's dividend yield for the trailing twelve months is around 20.09%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOAH Noah Holdings Limited | 20.09% | 18.15% | 2.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NOAH vs. SPY - Drawdown Comparison
The maximum NOAH drawdown since its inception was -86.16%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NOAH and SPY. For additional features, visit the drawdowns tool.
Volatility
NOAH vs. SPY - Volatility Comparison
Noah Holdings Limited (NOAH) has a higher volatility of 11.41% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that NOAH'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.