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.
Key characteristics
| OXLC | SPY | |
|---|---|---|
| YTD Return | 29.42% | 27.04% |
| 1Y Return | 31.50% | 39.75% |
| 3Y Return (Ann) | 3.45% | 10.21% |
| 5Y Return (Ann) | 6.54% | 15.93% |
| 10Y Return (Ann) | 7.22% | 13.36% |
| Sharpe Ratio | 2.09 | 3.15 |
| Sortino Ratio | 2.83 | 4.19 |
| Omega Ratio | 1.40 | 1.59 |
| Calmar Ratio | 1.39 | 4.60 |
| Martin Ratio | 11.13 | 20.85 |
| Ulcer Index | 2.78% | 1.85% |
| Daily Std Dev | 14.81% | 12.29% |
| Max Drawdown | -74.58% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
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
In the year-to-date period, OXLC achieves a 29.42% return, which is significantly higher than SPY's 27.04% return. Over the past 10 years, OXLC has underperformed SPY with an annualized return of 7.22%, while SPY has yielded a comparatively higher 13.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 18.35%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 18.35% | 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 | 1.17% | 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 2.48%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. 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.