OPI vs. SPY
Compare and contrast key facts about Office Properties Income Trust (OPI) 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: OPI or SPY.
Correlation
The correlation between OPI and SPY is 0.43, 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
OPI vs. SPY - Performance Comparison
Key characteristics
OPI:
-0.84
SPY:
2.03
OPI:
-1.86
SPY:
2.71
OPI:
0.77
SPY:
1.38
OPI:
-0.84
SPY:
3.02
OPI:
-1.21
SPY:
13.49
OPI:
67.98%
SPY:
1.88%
OPI:
97.40%
SPY:
12.48%
OPI:
-97.59%
SPY:
-55.19%
OPI:
-97.59%
SPY:
-3.54%
Returns By Period
In the year-to-date period, OPI achieves a -84.57% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, OPI has underperformed SPY with an annualized return of -29.57%, while SPY has yielded a comparatively higher 12.94% annualized return.
OPI
-84.57%
-8.26%
-51.29%
-83.77%
-44.23%
-29.57%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
OPI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Office Properties Income Trust (OPI) 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
OPI vs. SPY - Dividend Comparison
OPI's dividend yield for the trailing twelve months is around 3.60%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPI Office Properties Income Trust | 3.60% | 17.76% | 16.48% | 8.86% | 9.68% | 6.85% | 25.04% | 9.28% | 9.02% | 10.84% | 7.54% | 6.98% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OPI vs. SPY - Drawdown Comparison
The maximum OPI drawdown since its inception was -97.59%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OPI and SPY. For additional features, visit the drawdowns tool.
Volatility
OPI vs. SPY - Volatility Comparison
Office Properties Income Trust (OPI) has a higher volatility of 44.74% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that OPI'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.