OLED vs. SPY
Compare and contrast key facts about Universal Display Corporation (OLED) 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: OLED or SPY.
Correlation
The correlation between OLED 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
OLED vs. SPY - Performance Comparison
Key characteristics
OLED:
-0.37
SPY:
1.99
OLED:
-0.23
SPY:
2.66
OLED:
0.97
SPY:
1.36
OLED:
-0.35
SPY:
3.02
OLED:
-0.76
SPY:
12.56
OLED:
19.75%
SPY:
2.02%
OLED:
41.02%
SPY:
12.74%
OLED:
-85.55%
SPY:
-55.19%
OLED:
-43.28%
SPY:
-1.96%
Returns By Period
In the year-to-date period, OLED achieves a -2.20% return, which is significantly lower than SPY's 1.99% return. Over the past 10 years, OLED has outperformed SPY with an annualized return of 16.11%, while SPY has yielded a comparatively lower 13.27% annualized return.
OLED
-2.20%
-5.64%
-13.91%
-15.81%
-4.14%
16.11%
SPY
1.99%
0.98%
16.28%
22.47%
14.20%
13.27%
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Risk-Adjusted Performance
OLED vs. SPY — Risk-Adjusted Performance Rank
OLED
SPY
OLED vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Universal Display Corporation (OLED) 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
OLED vs. SPY - Dividend Comparison
OLED's dividend yield for the trailing twelve months is around 1.12%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OLED Universal Display Corporation | 1.12% | 1.09% | 0.73% | 1.11% | 0.48% | 0.26% | 0.19% | 0.26% | 0.07% | 0.00% | 0.00% | 0.00% |
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
OLED vs. SPY - Drawdown Comparison
The maximum OLED drawdown since its inception was -85.55%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OLED and SPY. For additional features, visit the drawdowns tool.
Volatility
OLED vs. SPY - Volatility Comparison
Universal Display Corporation (OLED) has a higher volatility of 9.18% compared to SPDR S&P 500 ETF (SPY) at 4.00%. This indicates that OLED'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.