PANL vs. SPY
Compare and contrast key facts about Pangaea Logistics Solutions, Ltd. (PANL) 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: PANL or SPY.
Correlation
The correlation between PANL and SPY is 0.20, 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
PANL vs. SPY - Performance Comparison
Key characteristics
PANL:
-0.96
SPY:
-0.09
PANL:
-1.35
SPY:
-0.02
PANL:
0.84
SPY:
1.00
PANL:
-0.68
SPY:
-0.09
PANL:
-1.52
SPY:
-0.45
PANL:
23.69%
SPY:
3.31%
PANL:
37.79%
SPY:
15.87%
PANL:
-83.44%
SPY:
-55.19%
PANL:
-53.34%
SPY:
-17.32%
Returns By Period
In the year-to-date period, PANL achieves a -21.72% return, which is significantly lower than SPY's -13.53% return. Over the past 10 years, PANL has underperformed SPY with an annualized return of 8.02%, while SPY has yielded a comparatively higher 11.17% annualized return.
PANL
-21.72%
-17.70%
-39.16%
-36.67%
21.87%
8.02%
SPY
-13.53%
-12.00%
-11.25%
-1.30%
15.50%
11.17%
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Risk-Adjusted Performance
PANL vs. SPY — Risk-Adjusted Performance Rank
PANL
SPY
PANL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pangaea Logistics Solutions, Ltd. (PANL) 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
PANL vs. SPY - Dividend Comparison
PANL's dividend yield for the trailing twelve months is around 9.72%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PANL Pangaea Logistics Solutions, Ltd. | 9.72% | 7.46% | 4.85% | 5.83% | 3.31% | 0.00% | 3.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
PANL vs. SPY - Drawdown Comparison
The maximum PANL drawdown since its inception was -83.44%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PANL and SPY. For additional features, visit the drawdowns tool.
Volatility
PANL vs. SPY - Volatility Comparison
Pangaea Logistics Solutions, Ltd. (PANL) has a higher volatility of 19.19% compared to SPDR S&P 500 ETF (SPY) at 9.29%. This indicates that PANL'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.