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 0.21, 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:
0.52
PANL:
-1.41
SPY:
0.87
PANL:
0.84
SPY:
1.13
PANL:
-0.70
SPY:
0.56
PANL:
-1.45
SPY:
2.25
PANL:
26.61%
SPY:
4.66%
PANL:
40.10%
SPY:
20.06%
PANL:
-83.44%
SPY:
-55.19%
PANL:
-54.30%
SPY:
-9.25%
Returns By Period
In the year-to-date period, PANL achieves a -23.33% return, which is significantly lower than SPY's -5.10% return. Over the past 10 years, PANL has underperformed SPY with an annualized return of 9.09%, while SPY has yielded a comparatively higher 12.11% annualized return.
PANL
-23.33%
-15.34%
-34.24%
-40.30%
17.06%
9.09%
SPY
-5.10%
-0.87%
-3.78%
11.88%
16.17%
12.11%
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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 9.93%, more than SPY's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PANL Pangaea Logistics Solutions, Ltd. | 9.93% | 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 | 1.29% | 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 18.92% compared to SPDR S&P 500 ETF (SPY) at 14.99%. 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.