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 0.37, 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:
-0.20
SPY:
0.30
NOAH:
0.12
SPY:
0.56
NOAH:
1.02
SPY:
1.08
NOAH:
-0.13
SPY:
0.31
NOAH:
-0.45
SPY:
1.40
NOAH:
25.24%
SPY:
4.18%
NOAH:
57.96%
SPY:
19.64%
NOAH:
-86.16%
SPY:
-55.19%
NOAH:
-83.79%
SPY:
-13.86%
Returns By Period
In the year-to-date period, NOAH achieves a -27.75% return, which is significantly lower than SPY's -9.91% return. Over the past 10 years, NOAH has underperformed SPY with an annualized return of -10.24%, while SPY has yielded a comparatively higher 11.54% annualized return.
NOAH
-27.75%
-23.85%
-33.49%
-8.27%
-14.72%
-10.24%
SPY
-9.91%
-6.63%
-9.38%
7.66%
15.04%
11.54%
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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 25.12%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOAH Noah Holdings Limited | 25.12% | 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 | 1.36% | 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 16.62% compared to SPDR S&P 500 ETF (SPY) at 14.52%. 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.