PAH3.DE vs. SPY
Compare and contrast key facts about Porsche Automobil Holding SE (PAH3.DE) 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: PAH3.DE or SPY.
Key characteristics
| PAH3.DE | SPY | |
|---|---|---|
| YTD Return | -15.92% | 27.16% |
| 1Y Return | -11.04% | 37.73% |
| 3Y Return (Ann) | -20.32% | 10.28% |
| 5Y Return (Ann) | -6.64% | 15.97% |
| 10Y Return (Ann) | -1.34% | 13.38% |
| Sharpe Ratio | -0.78 | 3.25 |
| Sortino Ratio | -1.01 | 4.32 |
| Omega Ratio | 0.88 | 1.61 |
| Calmar Ratio | -0.28 | 4.74 |
| Martin Ratio | -1.42 | 21.51 |
| Ulcer Index | 11.71% | 1.85% |
| Daily Std Dev | 21.67% | 12.20% |
| Max Drawdown | -83.47% | -55.19% |
| Current Drawdown | -59.15% | 0.00% |
Correlation
The correlation between PAH3.DE and SPY is 0.29, 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
PAH3.DE vs. SPY - Performance Comparison
In the year-to-date period, PAH3.DE achieves a -15.92% return, which is significantly lower than SPY's 27.16% return. Over the past 10 years, PAH3.DE has underperformed SPY with an annualized return of -1.34%, while SPY has yielded a comparatively higher 13.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PAH3.DE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Porsche Automobil Holding SE (PAH3.DE) 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
PAH3.DE vs. SPY - Dividend Comparison
PAH3.DE's dividend yield for the trailing twelve months is around 6.93%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAH3.DE Porsche Automobil Holding SE | 6.93% | 5.53% | 5.00% | 2.65% | 9.43% | 3.32% | 3.41% | 1.45% | 1.95% | 4.02% | 2.99% | 2.66% |
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
PAH3.DE vs. SPY - Drawdown Comparison
The maximum PAH3.DE drawdown since its inception was -83.47%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PAH3.DE and SPY. For additional features, visit the drawdowns tool.
Volatility
PAH3.DE vs. SPY - Volatility Comparison
Porsche Automobil Holding SE (PAH3.DE) has a higher volatility of 8.20% compared to SPDR S&P 500 ETF (SPY) at 3.92%. This indicates that PAH3.DE'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.