ORC vs. SPY
Compare and contrast key facts about Orchid Island Capital, Inc. (ORC) 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: ORC or SPY.
Correlation
The correlation between ORC and SPY is 0.38, 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
ORC vs. SPY - Performance Comparison
Key characteristics
ORC:
0.51
SPY:
2.21
ORC:
0.83
SPY:
2.93
ORC:
1.11
SPY:
1.41
ORC:
0.20
SPY:
3.26
ORC:
2.55
SPY:
14.43
ORC:
4.73%
SPY:
1.90%
ORC:
23.61%
SPY:
12.41%
ORC:
-75.77%
SPY:
-55.19%
ORC:
-54.17%
SPY:
-2.74%
Returns By Period
In the year-to-date period, ORC achieves a 10.27% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, ORC has underperformed SPY with an annualized return of -4.80%, while SPY has yielded a comparatively higher 12.97% annualized return.
ORC
10.27%
2.97%
2.59%
9.33%
-8.80%
-4.80%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
ORC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Orchid Island Capital, Inc. (ORC) 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
ORC vs. SPY - Dividend Comparison
ORC's dividend yield for the trailing twelve months is around 18.16%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ORC Orchid Island Capital, Inc. | 18.16% | 21.35% | 23.57% | 17.33% | 15.13% | 16.41% | 16.74% | 18.10% | 15.51% | 19.34% | 16.55% | 10.73% |
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
ORC vs. SPY - Drawdown Comparison
The maximum ORC drawdown since its inception was -75.77%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ORC and SPY. For additional features, visit the drawdowns tool.
Volatility
ORC vs. SPY - Volatility Comparison
Orchid Island Capital, Inc. (ORC) and SPDR S&P 500 ETF (SPY) have volatilities of 3.60% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.