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
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Key characteristics
NRDBY:
1.00
SPY:
0.57
NRDBY:
1.43
SPY:
0.93
NRDBY:
1.19
SPY:
1.14
NRDBY:
1.54
SPY:
0.61
NRDBY:
3.12
SPY:
2.33
NRDBY:
8.21%
SPY:
4.90%
NRDBY:
28.60%
SPY:
20.34%
NRDBY:
-57.94%
SPY:
-55.19%
NRDBY:
-1.43%
SPY:
-4.58%
Returns By Period
In the year-to-date period, NRDBY achieves a 43.80% return, which is significantly higher than SPY's -0.21% return. Over the past 10 years, NRDBY has underperformed SPY with an annualized return of 9.83%, while SPY has yielded a comparatively higher 12.52% annualized return.
NRDBY
43.80%
9.06%
39.74%
28.40%
22.01%
28.95%
9.83%
SPY
-0.21%
10.59%
-1.16%
11.45%
15.35%
16.25%
12.52%
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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.
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Dividends
NRDBY vs. SPY - Dividend Comparison
NRDBY's dividend yield for the trailing twelve months is around 6.78%, more than SPY's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRDBY Nordea Bank Abp ADR | 6.78% | 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 | 1.23% | 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.
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Volatility
NRDBY vs. SPY - Volatility Comparison
The current volatility for Nordea Bank Abp ADR (NRDBY) is 3.54%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.68%. This indicates that NRDBY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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