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.
Key characteristics
| PANL | SPY | |
|---|---|---|
| YTD Return | -19.09% | 26.01% |
| 1Y Return | -4.48% | 33.73% |
| 3Y Return (Ann) | 21.17% | 9.91% |
| 5Y Return (Ann) | 20.22% | 15.54% |
| 10Y Return (Ann) | 5.71% | 13.25% |
| Sharpe Ratio | -0.05 | 2.82 |
| Sortino Ratio | 0.19 | 3.76 |
| Omega Ratio | 1.03 | 1.53 |
| Calmar Ratio | -0.07 | 4.05 |
| Martin Ratio | -0.10 | 18.33 |
| Ulcer Index | 20.94% | 1.86% |
| Daily Std Dev | 39.16% | 12.07% |
| Max Drawdown | -83.44% | -55.19% |
| Current Drawdown | -29.97% | -0.90% |
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
In the year-to-date period, PANL achieves a -19.09% return, which is significantly lower than SPY's 26.01% return. Over the past 10 years, PANL has underperformed SPY with an annualized return of 5.71%, while SPY has yielded a comparatively higher 13.25% 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
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 6.24%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PANL Pangaea Logistics Solutions, Ltd. | 6.24% | 4.85% | 5.83% | 3.31% | 0.00% | 3.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 11.03% compared to SPDR S&P 500 ETF (SPY) at 3.84%. 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.