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:
0.22
SPY:
-0.09
OXLC:
0.40
SPY:
-0.02
OXLC:
1.07
SPY:
1.00
OXLC:
0.30
SPY:
-0.09
OXLC:
1.24
SPY:
-0.45
OXLC:
3.45%
SPY:
3.31%
OXLC:
19.81%
SPY:
15.87%
OXLC:
-74.58%
SPY:
-55.19%
OXLC:
-13.61%
SPY:
-17.32%
Returns By Period
In the year-to-date period, OXLC achieves a -9.63% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, OXLC has underperformed SPY with an annualized return of 5.95%, while SPY has yielded a comparatively higher 11.25% annualized return.
OXLC
-9.63%
-12.07%
-8.30%
4.07%
21.76%
5.95%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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Risk-Adjusted Performance
OXLC vs. SPY — Risk-Adjusted Performance Rank
OXLC
SPY
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 24.19%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 24.19% | 20.12% | 18.83% | 17.75% | 10.58% | 22.51% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
Oxford Lane Capital Corp. (OXLC) has a higher volatility of 14.79% compared to SPDR S&P 500 ETF (SPY) at 9.29%. This indicates that OXLC'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.