NYMT vs. SPY
Compare and contrast key facts about New York Mortgage Trust, Inc. (NYMT) 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: NYMT or SPY.
Correlation
The correlation between NYMT and SPY is 0.32, 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
NYMT vs. SPY - Performance Comparison
Key characteristics
NYMT:
-0.48
SPY:
2.20
NYMT:
-0.46
SPY:
2.91
NYMT:
0.94
SPY:
1.41
NYMT:
-0.19
SPY:
3.35
NYMT:
-0.78
SPY:
13.99
NYMT:
20.54%
SPY:
2.01%
NYMT:
33.41%
SPY:
12.79%
NYMT:
-97.94%
SPY:
-55.19%
NYMT:
-82.53%
SPY:
-1.35%
Returns By Period
In the year-to-date period, NYMT achieves a -1.49% return, which is significantly lower than SPY's 1.96% return. Over the past 10 years, NYMT has underperformed SPY with an annualized return of -3.44%, while SPY has yielded a comparatively higher 13.44% annualized return.
NYMT
-1.49%
2.32%
-3.98%
-16.76%
-16.11%
-3.44%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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Risk-Adjusted Performance
NYMT vs. SPY — Risk-Adjusted Performance Rank
NYMT
SPY
NYMT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New York Mortgage Trust, Inc. (NYMT) 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
NYMT vs. SPY - Dividend Comparison
NYMT's dividend yield for the trailing twelve months is around 13.40%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NYMT New York Mortgage Trust, Inc. | 13.40% | 13.20% | 14.07% | 15.62% | 10.75% | 6.10% | 12.84% | 13.58% | 12.97% | 14.55% | 24.20% | 14.01% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NYMT vs. SPY - Drawdown Comparison
The maximum NYMT drawdown since its inception was -97.94%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NYMT and SPY. For additional features, visit the drawdowns tool.
Volatility
NYMT vs. SPY - Volatility Comparison
New York Mortgage Trust, Inc. (NYMT) has a higher volatility of 11.94% compared to SPDR S&P 500 ETF (SPY) at 5.10%. This indicates that NYMT'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.