NVST vs. SPY
Compare and contrast key facts about Envista Holdings Corporation (NVST) 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: NVST or SPY.
Correlation
The correlation between NVST and SPY is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NVST vs. SPY - Performance Comparison
Key characteristics
NVST:
-0.13
SPY:
1.88
NVST:
0.08
SPY:
2.53
NVST:
1.01
SPY:
1.35
NVST:
-0.07
SPY:
2.83
NVST:
-0.27
SPY:
11.74
NVST:
17.60%
SPY:
2.02%
NVST:
37.04%
SPY:
12.64%
NVST:
-69.94%
SPY:
-55.19%
NVST:
-57.86%
SPY:
-0.42%
Returns By Period
In the year-to-date period, NVST achieves a 11.20% return, which is significantly higher than SPY's 4.15% return.
NVST
11.20%
4.38%
19.37%
-4.16%
-4.88%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
NVST vs. SPY — Risk-Adjusted Performance Rank
NVST
SPY
NVST vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Envista Holdings Corporation (NVST) 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
NVST vs. SPY - Dividend Comparison
NVST has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVST Envista Holdings Corporation | 0.00% | 0.00% | 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 | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NVST vs. SPY - Drawdown Comparison
The maximum NVST drawdown since its inception was -69.94%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NVST and SPY. For additional features, visit the drawdowns tool.
Volatility
NVST vs. SPY - Volatility Comparison
Envista Holdings Corporation (NVST) has a higher volatility of 10.36% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that NVST'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.