NWE vs. SPY
Compare and contrast key facts about NorthWestern Corporation (NWE) 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: NWE or SPY.
Correlation
The correlation between NWE and SPY 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
NWE vs. SPY - Performance Comparison
Key characteristics
NWE:
1.11
SPY:
2.20
NWE:
1.61
SPY:
2.92
NWE:
1.21
SPY:
1.41
NWE:
0.71
SPY:
3.35
NWE:
5.75
SPY:
14.01
NWE:
3.83%
SPY:
2.01%
NWE:
19.80%
SPY:
12.76%
NWE:
-39.34%
SPY:
-55.19%
NWE:
-14.14%
SPY:
-0.45%
Returns By Period
The year-to-date returns for both stocks are quite close, with NWE having a 2.96% return and SPY slightly lower at 2.90%. Over the past 10 years, NWE has underperformed SPY with an annualized return of 3.38%, while SPY has yielded a comparatively higher 13.39% annualized return.
NWE
2.96%
4.64%
8.26%
20.95%
-1.82%
3.38%
SPY
2.90%
2.01%
9.60%
26.34%
14.48%
13.39%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NWE vs. SPY — Risk-Adjusted Performance Rank
NWE
SPY
NWE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NorthWestern Corporation (NWE) 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
NWE vs. SPY - Dividend Comparison
NWE's dividend yield for the trailing twelve months is around 4.72%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWE NorthWestern Corporation | 4.72% | 4.86% | 5.03% | 4.25% | 4.34% | 4.12% | 3.21% | 3.70% | 3.52% | 3.52% | 3.54% | 2.83% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NWE vs. SPY - Drawdown Comparison
The maximum NWE drawdown since its inception was -39.34%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NWE and SPY. For additional features, visit the drawdowns tool.
Volatility
NWE vs. SPY - Volatility Comparison
NorthWestern Corporation (NWE) has a higher volatility of 7.84% compared to SPDR S&P 500 ETF (SPY) at 5.17%. This indicates that NWE'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.