OXLC vs. SPY
Compare and contrast key facts about Oxford Lane Capital Corp. (OXLC) 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: OXLC or SPY.
Correlation
The correlation between OXLC and SPY is 0.30, 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
OXLC vs. SPY - Performance Comparison
Key characteristics
OXLC:
1.86
SPY:
2.21
OXLC:
2.57
SPY:
2.93
OXLC:
1.37
SPY:
1.41
OXLC:
1.31
SPY:
3.26
OXLC:
9.71
SPY:
14.43
OXLC:
2.77%
SPY:
1.90%
OXLC:
14.46%
SPY:
12.41%
OXLC:
-74.58%
SPY:
-55.19%
OXLC:
-3.92%
SPY:
-2.74%
Returns By Period
The year-to-date returns for both investments are quite close, with OXLC having a 24.34% return and SPY slightly higher at 25.54%. Over the past 10 years, OXLC has underperformed SPY with an annualized return of 7.58%, while SPY has yielded a comparatively higher 12.97% annualized return.
OXLC
24.34%
-1.37%
3.92%
25.87%
7.94%
7.58%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
OXLC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. (OXLC) 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
OXLC vs. SPY - Dividend Comparison
OXLC's dividend yield for the trailing twelve months is around 20.16%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 20.16% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% | 12.69% |
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
OXLC vs. SPY - Drawdown Comparison
The maximum OXLC drawdown since its inception was -74.58%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OXLC and SPY. For additional features, visit the drawdowns tool.
Volatility
OXLC vs. SPY - Volatility Comparison
The current volatility for Oxford Lane Capital Corp. (OXLC) is 2.30%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that OXLC experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.