OPRA vs. SPY
Compare and contrast key facts about Opera Limited (OPRA) 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: OPRA or SPY.
Correlation
The correlation between OPRA and SPY is 0.36, 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
OPRA vs. SPY - Performance Comparison
Key characteristics
OPRA:
0.26
SPY:
0.51
OPRA:
0.80
SPY:
0.86
OPRA:
1.09
SPY:
1.13
OPRA:
0.23
SPY:
0.55
OPRA:
1.01
SPY:
2.26
OPRA:
13.54%
SPY:
4.55%
OPRA:
52.18%
SPY:
20.08%
OPRA:
-72.85%
SPY:
-55.19%
OPRA:
-39.51%
SPY:
-9.89%
Returns By Period
In the year-to-date period, OPRA achieves a -16.29% return, which is significantly lower than SPY's -5.76% return.
OPRA
-16.29%
-11.21%
-3.80%
20.05%
30.96%
N/A
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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Risk-Adjusted Performance
OPRA vs. SPY — Risk-Adjusted Performance Rank
OPRA
SPY
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.
Dividends
OPRA vs. SPY - Dividend Comparison
OPRA's dividend yield for the trailing twelve months is around 5.15%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPRA Opera Limited | 5.15% | 4.22% | 9.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
Volatility
OPRA vs. SPY - Volatility Comparison
Opera Limited (OPRA) has a higher volatility of 21.79% compared to SPDR S&P 500 ETF (SPY) at 15.12%. 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.