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.
Correlation
The correlation between OBT and SPY is 0.07, 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
OBT vs. SPY - Performance Comparison
Key characteristics
OBT:
0.31
SPY:
1.88
OBT:
0.79
SPY:
2.53
OBT:
1.10
SPY:
1.35
OBT:
0.49
SPY:
2.83
OBT:
1.54
SPY:
11.74
OBT:
10.05%
SPY:
2.02%
OBT:
50.07%
SPY:
12.64%
OBT:
-56.03%
SPY:
-55.19%
OBT:
-18.49%
SPY:
-0.42%
Returns By Period
In the year-to-date period, OBT achieves a -6.82% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, OBT has outperformed SPY with an annualized return of 14.02%, while SPY has yielded a comparatively lower 13.18% annualized return.
OBT
-6.82%
-3.11%
-4.38%
19.22%
15.05%
14.02%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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
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.
Dividends
OBT vs. SPY - Dividend Comparison
OBT's dividend yield for the trailing twelve months is around 2.26%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBT Orange County Bancorp, Inc. | 2.26% | 2.11% | 2.29% | 2.64% | 1.99% | 4.40% | 4.76% | 3.78% | 4.39% | 7.05% | 5.95% | 4.71% |
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
OBT vs. SPY - Drawdown Comparison
The maximum OBT drawdown since its inception was -56.03%, 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. For additional features, visit the drawdowns tool.
Volatility
OBT vs. SPY - Volatility Comparison
Orange County Bancorp, Inc. (OBT) has a higher volatility of 7.97% compared to SPDR S&P 500 ETF (SPY) at 2.93%. 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.