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:
1.36
SPY:
1.75
ORC:
1.86
SPY:
2.36
ORC:
1.26
SPY:
1.32
ORC:
0.48
SPY:
2.66
ORC:
6.23
SPY:
11.01
ORC:
4.51%
SPY:
2.03%
ORC:
20.74%
SPY:
12.77%
ORC:
-75.77%
SPY:
-55.19%
ORC:
-46.85%
SPY:
-2.12%
Returns By Period
In the year-to-date period, ORC achieves a 16.39% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, ORC has underperformed SPY with an annualized return of -3.70%, while SPY has yielded a comparatively higher 12.96% annualized return.
ORC
16.39%
14.05%
18.36%
25.08%
-9.01%
-3.70%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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Risk-Adjusted Performance
ORC vs. SPY — Risk-Adjusted Performance Rank
ORC
SPY
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 16.14%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ORC Orchid Island Capital, Inc. | 16.14% | 18.51% | 21.35% | 23.57% | 17.33% | 15.13% | 16.41% | 16.74% | 18.10% | 15.51% | 19.34% | 16.55% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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) has a higher volatility of 6.83% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that ORC'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.