PBA vs. SPY
Compare and contrast key facts about Pembina Pipeline Corporation (PBA) 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: PBA or SPY.
Correlation
The correlation between PBA and SPY is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PBA vs. SPY - Performance Comparison
Key characteristics
PBA:
0.72
SPY:
0.51
PBA:
1.06
SPY:
0.86
PBA:
1.16
SPY:
1.13
PBA:
0.80
SPY:
0.55
PBA:
1.82
SPY:
2.26
PBA:
7.86%
SPY:
4.55%
PBA:
19.76%
SPY:
20.08%
PBA:
-70.87%
SPY:
-55.19%
PBA:
-8.84%
SPY:
-9.89%
Returns By Period
In the year-to-date period, PBA achieves a 5.60% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, PBA has underperformed SPY with an annualized return of 6.56%, while SPY has yielded a comparatively higher 11.99% annualized return.
PBA
5.60%
-3.87%
-7.02%
13.58%
20.86%
6.56%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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Risk-Adjusted Performance
PBA vs. SPY — Risk-Adjusted Performance Rank
PBA
SPY
PBA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pembina Pipeline Corporation (PBA) 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
PBA vs. SPY - Dividend Comparison
PBA's dividend yield for the trailing twelve months is around 5.12%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBA Pembina Pipeline Corporation | 5.12% | 5.39% | 5.67% | 5.78% | 6.63% | 7.92% | 4.93% | 5.81% | 4.36% | 4.57% | 6.45% | 4.27% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PBA vs. SPY - Drawdown Comparison
The maximum PBA drawdown since its inception was -70.87%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PBA and SPY. For additional features, visit the drawdowns tool.
Volatility
PBA vs. SPY - Volatility Comparison
The current volatility for Pembina Pipeline Corporation (PBA) is 11.18%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that PBA experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.