Correlation
The correlation between OBT and SPY is 0.08, 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.
OBT vs. SPY
Compare and contrast key facts about Orange County Bancorp, Inc. (OBT) 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: OBT or SPY.
Performance
OBT vs. SPY - Performance Comparison
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Key characteristics
OBT:
0.14
SPY:
0.70
OBT:
0.55
SPY:
1.02
OBT:
1.07
SPY:
1.15
OBT:
0.19
SPY:
0.68
OBT:
0.40
SPY:
2.57
OBT:
15.22%
SPY:
4.93%
OBT:
50.37%
SPY:
20.42%
OBT:
-57.57%
SPY:
-55.19%
OBT:
-19.08%
SPY:
-3.55%
Returns By Period
In the year-to-date period, OBT achieves a -7.49% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, OBT has underperformed SPY with an annualized return of 11.57%, while SPY has yielded a comparatively higher 12.73% annualized return.
OBT
-7.49%
5.27%
-13.44%
6.23%
12.66%
18.00%
11.57%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
OBT vs. SPY — Risk-Adjusted Performance Rank
OBT
SPY
OBT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Orange County Bancorp, Inc. (OBT) 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.
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Dividends
OBT vs. SPY - Dividend Comparison
OBT's dividend yield for the trailing twelve months is around 1.90%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBT Orange County Bancorp, Inc. | 1.90% | 1.69% | 1.53% | 1.78% | 1.99% | 2.94% | 2.72% | 3.00% | 2.93% | 7.05% | 5.10% | 3.77% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
OBT vs. SPY - Drawdown Comparison
The maximum OBT drawdown since its inception was -57.57%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OBT and SPY.
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Volatility
OBT vs. SPY - Volatility Comparison
Orange County Bancorp, Inc. (OBT) has a higher volatility of 13.87% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that OBT'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.
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