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.
Performance
OXLC vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with OXLC having a 26.55% return and SPY slightly lower at 25.36%. Over the past 10 years, OXLC has underperformed SPY with an annualized return of 7.00%, while SPY has yielded a comparatively higher 13.07% annualized return.
OXLC
26.55%
2.68%
5.18%
28.89%
8.69%
7.00%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| OXLC | SPY | |
|---|---|---|
| Sharpe Ratio | 2.00 | 2.69 |
| Sortino Ratio | 2.73 | 3.59 |
| Omega Ratio | 1.38 | 1.50 |
| Calmar Ratio | 1.33 | 3.89 |
| Martin Ratio | 10.80 | 17.53 |
| Ulcer Index | 2.75% | 1.87% |
| Daily Std Dev | 14.81% | 12.15% |
| Max Drawdown | -74.59% | -55.19% |
| Current Drawdown | -2.22% | -1.41% |
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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.
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 19.27%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 19.27% | 18.83% | 17.75% | 10.58% | 22.51% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% | 12.69% |
SPY SPDR S&P 500 ETF | 1.19% | 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 -74.59%, 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 3.39%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. 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.