NRDBY vs. SPY
Compare and contrast key facts about Nordea Bank Abp ADR (NRDBY) 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: NRDBY or SPY.
Correlation
The correlation between NRDBY and SPY is 0.40, 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
NRDBY vs. SPY - Performance Comparison
Key characteristics
NRDBY:
0.92
SPY:
0.52
NRDBY:
1.47
SPY:
0.87
NRDBY:
1.20
SPY:
1.13
NRDBY:
1.58
SPY:
0.55
NRDBY:
3.21
SPY:
2.26
NRDBY:
8.22%
SPY:
4.59%
NRDBY:
28.69%
SPY:
20.10%
NRDBY:
-57.94%
SPY:
-55.19%
NRDBY:
0.00%
SPY:
-9.86%
Returns By Period
In the year-to-date period, NRDBY achieves a 36.34% return, which is significantly higher than SPY's -5.73% return. Over the past 10 years, NRDBY has underperformed SPY with an annualized return of 9.85%, while SPY has yielded a comparatively higher 12.04% annualized return.
NRDBY
36.34%
4.18%
25.19%
27.05%
27.80%
9.85%
SPY
-5.73%
-0.87%
-4.56%
9.76%
15.17%
12.04%
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Risk-Adjusted Performance
NRDBY vs. SPY — Risk-Adjusted Performance Rank
NRDBY
SPY
NRDBY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordea Bank Abp ADR (NRDBY) 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
NRDBY vs. SPY - Dividend Comparison
NRDBY's dividend yield for the trailing twelve months is around 7.15%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRDBY Nordea Bank Abp ADR | 7.15% | 9.08% | 7.05% | 7.30% | 7.47% | 10.90% | 9.62% | 10.05% | 5.72% | 6.39% | 6.23% | 5.09% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NRDBY vs. SPY - Drawdown Comparison
The maximum NRDBY drawdown since its inception was -57.94%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NRDBY and SPY. For additional features, visit the drawdowns tool.
Volatility
NRDBY vs. SPY - Volatility Comparison
Nordea Bank Abp ADR (NRDBY) and SPDR S&P 500 ETF (SPY) have volatilities of 14.59% and 15.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.