NVEC vs. SPY
Compare and contrast key facts about NVE Corporation (NVEC) 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: NVEC or SPY.
Correlation
The correlation between NVEC and SPY is 0.33, 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
NVEC vs. SPY - Performance Comparison
Key characteristics
NVEC:
-0.54
SPY:
0.51
NVEC:
-0.56
SPY:
0.86
NVEC:
0.93
SPY:
1.13
NVEC:
-0.54
SPY:
0.55
NVEC:
-1.43
SPY:
2.26
NVEC:
15.27%
SPY:
4.55%
NVEC:
40.56%
SPY:
20.08%
NVEC:
-97.63%
SPY:
-55.19%
NVEC:
-35.92%
SPY:
-9.89%
Returns By Period
In the year-to-date period, NVEC achieves a -27.18% return, which is significantly lower than SPY's -5.76% return. Over the past 10 years, NVEC has underperformed SPY with an annualized return of 4.46%, while SPY has yielded a comparatively higher 12.16% annualized return.
NVEC
-27.18%
-10.03%
-21.37%
-23.38%
7.55%
4.46%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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Risk-Adjusted Performance
NVEC vs. SPY — Risk-Adjusted Performance Rank
NVEC
SPY
NVEC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NVE Corporation (NVEC) 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
NVEC vs. SPY - Dividend Comparison
NVEC's dividend yield for the trailing twelve months is around 6.84%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVEC NVE Corporation | 6.84% | 4.91% | 5.10% | 6.18% | 5.86% | 7.12% | 5.60% | 4.57% | 4.65% | 5.60% | 9.01% | 0.00% |
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
NVEC vs. SPY - Drawdown Comparison
The maximum NVEC drawdown since its inception was -97.63%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NVEC and SPY. For additional features, visit the drawdowns tool.
Volatility
NVEC vs. SPY - Volatility Comparison
NVE Corporation (NVEC) has a higher volatility of 17.63% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that NVEC'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.