NWBI vs. SPLG
Compare and contrast key facts about Northwest Bancshares, Inc. (NWBI) and SPDR Portfolio S&P 500 ETF (SPLG).
SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NWBI or SPLG.
Key characteristics
| NWBI | SPLG | |
|---|---|---|
| YTD Return | 25.13% | 26.11% |
| 1Y Return | 36.99% | 33.82% |
| 3Y Return (Ann) | 7.34% | 9.98% |
| 5Y Return (Ann) | 3.61% | 15.66% |
| 10Y Return (Ann) | 6.72% | 13.37% |
| Sharpe Ratio | 1.29 | 2.83 |
| Sortino Ratio | 2.22 | 3.78 |
| Omega Ratio | 1.26 | 1.53 |
| Calmar Ratio | 1.51 | 4.05 |
| Martin Ratio | 4.37 | 18.36 |
| Ulcer Index | 8.49% | 1.86% |
| Daily Std Dev | 28.75% | 12.04% |
| Max Drawdown | -64.95% | -54.50% |
| Current Drawdown | -2.79% | -0.89% |
Correlation
The correlation between NWBI and SPLG is 0.45, 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
NWBI vs. SPLG - Performance Comparison
The year-to-date returns for both investments are quite close, with NWBI having a 25.13% return and SPLG slightly higher at 26.11%. Over the past 10 years, NWBI has underperformed SPLG with an annualized return of 6.72%, while SPLG has yielded a comparatively higher 13.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NWBI vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Bancshares, Inc. (NWBI) and SPDR Portfolio S&P 500 ETF (SPLG). 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
NWBI vs. SPLG - Dividend Comparison
NWBI's dividend yield for the trailing twelve months is around 5.46%, more than SPLG's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWBI Northwest Bancshares, Inc. | 5.46% | 6.41% | 5.72% | 5.58% | 5.97% | 4.33% | 4.01% | 3.83% | 3.33% | 4.18% | 12.93% | 3.38% |
SPLG SPDR Portfolio S&P 500 ETF | 1.24% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
NWBI vs. SPLG - Drawdown Comparison
The maximum NWBI drawdown since its inception was -64.95%, which is greater than SPLG's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for NWBI and SPLG. For additional features, visit the drawdowns tool.
Volatility
NWBI vs. SPLG - Volatility Comparison
Northwest Bancshares, Inc. (NWBI) has a higher volatility of 15.46% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.83%. This indicates that NWBI's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.