Correlation
The correlation between NOMD and SPY is 0.31, 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.
NOMD vs. SPY
Compare and contrast key facts about Nomad Foods Limited (NOMD) 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: NOMD or SPY.
Performance
NOMD vs. SPY - Performance Comparison
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Key characteristics
NOMD:
0.14
SPY:
0.70
NOMD:
0.27
SPY:
1.02
NOMD:
1.03
SPY:
1.15
NOMD:
0.03
SPY:
0.68
NOMD:
0.19
SPY:
2.57
NOMD:
8.53%
SPY:
4.93%
NOMD:
24.00%
SPY:
20.42%
NOMD:
-59.04%
SPY:
-55.19%
NOMD:
-41.72%
SPY:
-3.55%
Returns By Period
In the year-to-date period, NOMD achieves a 6.25% return, which is significantly higher than SPY's 0.87% return.
NOMD
6.25%
-10.41%
-2.63%
3.22%
-4.05%
-2.73%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
NOMD vs. SPY — Risk-Adjusted Performance Rank
NOMD
SPY
NOMD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomad Foods Limited (NOMD) 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
NOMD vs. SPY - Dividend Comparison
NOMD's dividend yield for the trailing twelve months is around 3.66%, more than SPY's 1.22% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
NOMD Nomad Foods Limited | 3.66% | 3.58% | 0.00% | 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
NOMD vs. SPY - Drawdown Comparison
The maximum NOMD drawdown since its inception was -59.04%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NOMD and SPY.
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Volatility
NOMD vs. SPY - Volatility Comparison
Nomad Foods Limited (NOMD) has a higher volatility of 6.32% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that NOMD'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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