OMAB vs. SPY
Compare and contrast key facts about Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) 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: OMAB or SPY.
Correlation
The correlation between OMAB and SPY is 0.39, 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
OMAB vs. SPY - Performance Comparison
Key characteristics
OMAB:
-0.26
SPY:
2.21
OMAB:
-0.13
SPY:
2.93
OMAB:
0.98
SPY:
1.41
OMAB:
-0.25
SPY:
3.26
OMAB:
-0.50
SPY:
14.43
OMAB:
18.39%
SPY:
1.90%
OMAB:
35.25%
SPY:
12.41%
OMAB:
-77.35%
SPY:
-55.19%
OMAB:
-21.17%
SPY:
-2.74%
Returns By Period
In the year-to-date period, OMAB achieves a -9.21% return, which is significantly lower than SPY's 25.54% return. Both investments have delivered pretty close results over the past 10 years, with OMAB having a 12.37% annualized return and SPY not far ahead at 12.97%.
OMAB
-9.21%
10.72%
8.73%
-8.95%
9.39%
12.37%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
OMAB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) 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
OMAB vs. SPY - Dividend Comparison
OMAB's dividend yield for the trailing twelve months is around 6.64%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 6.64% | 5.14% | 10.82% | 3.55% | 0.00% | 2.81% | 4.30% | 4.06% | 4.65% | 4.05% | 5.05% | 7.06% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OMAB vs. SPY - Drawdown Comparison
The maximum OMAB drawdown since its inception was -77.35%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OMAB and SPY. For additional features, visit the drawdowns tool.
Volatility
OMAB vs. SPY - Volatility Comparison
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has a higher volatility of 10.89% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that OMAB'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.