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OPRA vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OPRA and SPY is 0.34, 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.


-0.50.00.51.00.3

Performance

OPRA vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opera Limited (OPRA) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
38.20%
7.86%
OPRA
SPY

Key characteristics

Sharpe Ratio

OPRA:

0.85

SPY:

2.03

Sortino Ratio

OPRA:

1.66

SPY:

2.71

Omega Ratio

OPRA:

1.18

SPY:

1.38

Calmar Ratio

OPRA:

0.75

SPY:

3.02

Martin Ratio

OPRA:

3.33

SPY:

13.49

Ulcer Index

OPRA:

13.76%

SPY:

1.88%

Daily Std Dev

OPRA:

53.66%

SPY:

12.48%

Max Drawdown

OPRA:

-72.85%

SPY:

-55.19%

Current Drawdown

OPRA:

-29.03%

SPY:

-3.54%

Returns By Period

In the year-to-date period, OPRA achieves a 49.29% return, which is significantly higher than SPY's 24.51% return.


OPRA

YTD

49.29%

1M

-5.73%

6M

38.20%

1Y

46.74%

5Y*

18.62%

10Y*

N/A

SPY

YTD

24.51%

1M

-0.32%

6M

7.56%

1Y

24.63%

5Y*

14.51%

10Y*

12.94%

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Risk-Adjusted Performance

OPRA vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Opera Limited (OPRA) 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.


Sharpe ratio
The chart of Sharpe ratio for OPRA, currently valued at 0.85, compared to the broader market-4.00-2.000.002.000.851.97
The chart of Sortino ratio for OPRA, currently valued at 1.66, compared to the broader market-4.00-2.000.002.004.001.662.64
The chart of Omega ratio for OPRA, currently valued at 1.18, compared to the broader market0.501.001.502.001.181.37
The chart of Calmar ratio for OPRA, currently valued at 0.75, compared to the broader market0.002.004.006.000.752.93
The chart of Martin ratio for OPRA, currently valued at 3.33, compared to the broader market0.0010.0020.003.3313.01
OPRA
SPY

The current OPRA Sharpe Ratio is 0.85, which is lower than the SPY Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of OPRA and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.85
1.97
OPRA
SPY

Dividends

OPRA vs. SPY - Dividend Comparison

OPRA's dividend yield for the trailing twelve months is around 4.30%, more than SPY's 0.87% yield.


TTM20232022202120202019201820172016201520142013
OPRA
Opera Limited
4.30%9.07%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
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

OPRA vs. SPY - Drawdown Comparison

The maximum OPRA drawdown since its inception was -72.85%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OPRA and SPY. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-29.03%
-3.54%
OPRA
SPY

Volatility

OPRA vs. SPY - Volatility Comparison

Opera Limited (OPRA) has a higher volatility of 12.11% compared to SPDR S&P 500 ETF (SPY) at 3.61%. This indicates that OPRA'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.


0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
12.11%
3.61%
OPRA
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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