OLA.TO vs. SPY
Compare and contrast key facts about Orla Mining Ltd. (OLA.TO) 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: OLA.TO or SPY.
Correlation
The correlation between OLA.TO and SPY is 0.12, 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
OLA.TO vs. SPY - Performance Comparison
Key characteristics
OLA.TO:
2.68
SPY:
1.97
OLA.TO:
3.11
SPY:
2.64
OLA.TO:
1.39
SPY:
1.36
OLA.TO:
3.00
SPY:
2.97
OLA.TO:
15.27
SPY:
12.34
OLA.TO:
7.75%
SPY:
2.03%
OLA.TO:
44.18%
SPY:
12.68%
OLA.TO:
-97.30%
SPY:
-55.19%
OLA.TO:
-4.26%
SPY:
-0.01%
Returns By Period
In the year-to-date period, OLA.TO achieves a 24.25% return, which is significantly higher than SPY's 4.03% return. Over the past 10 years, OLA.TO has outperformed SPY with an annualized return of 78.28%, while SPY has yielded a comparatively lower 13.22% annualized return.
OLA.TO
24.25%
18.02%
75.67%
109.98%
33.68%
78.28%
SPY
4.03%
2.85%
10.70%
23.01%
14.30%
13.22%
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Risk-Adjusted Performance
OLA.TO vs. SPY — Risk-Adjusted Performance Rank
OLA.TO
SPY
OLA.TO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Orla Mining Ltd. (OLA.TO) 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
OLA.TO vs. SPY - Dividend Comparison
OLA.TO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OLA.TO Orla Mining Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
OLA.TO vs. SPY - Drawdown Comparison
The maximum OLA.TO drawdown since its inception was -97.30%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OLA.TO and SPY. For additional features, visit the drawdowns tool.
Volatility
OLA.TO vs. SPY - Volatility Comparison
Orla Mining Ltd. (OLA.TO) has a higher volatility of 12.02% compared to SPDR S&P 500 ETF (SPY) at 3.13%. This indicates that OLA.TO'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.