PBR vs. SPYM
PBR (Petróleo Brasileiro S.A. - Petrobras) is a stock, while SPYM (State Street SPDR Portfolio S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, PBR returned 23.75%/yr vs 15.52%/yr for SPYM. At a 0.39 correlation, their price movements are largely independent.
Performance
PBR vs. SPYM - Performance Comparison
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Returns By Period
In the year-to-date period, PBR achieves a 57.21% return, which is significantly higher than SPYM's 9.10% return. Over the past 10 years, PBR has outperformed SPYM with an annualized return of 23.75%, while SPYM has yielded a comparatively lower 15.52% annualized return.
PBR
- 1D
- 0.77%
- 1M
- -7.07%
- YTD
- 57.21%
- 6M
- 56.16%
- 1Y
- 52.21%
- 3Y*
- 20.86%
- 5Y*
- 32.73%
- 10Y*
- 23.75%
SPYM
- 1D
- 0.53%
- 1M
- 0.36%
- YTD
- 9.10%
- 6M
- 9.42%
- 1Y
- 25.76%
- 3Y*
- 20.95%
- 5Y*
- 13.43%
- 10Y*
- 15.52%
PBR vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBR Petróleo Brasileiro S.A. - Petrobras | 57.21% | -1.01% | -8.38% | 71.48% | 47.76% | 20.44% | -28.83% | 24.65% | 27.68% | 1.78% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 9.10% | 17.79% | 25.00% | 26.24% | -18.09% | 28.78% | 18.49% | 31.99% | -4.78% | 21.30% |
Correlation
The correlation between PBR and SPYM is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2005 | 0.39 |
The correlation between PBR and SPYM shifts across timeframes, from -0.02 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PBR vs. SPYM — Risk / Return Rank
PBR
SPYM
PBR vs. SPYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Petróleo Brasileiro S.A. - Petrobras (PBR) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PBR | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.75 | +0.24 |
| Martin ratioReturn relative to average drawdown | 7.56 | 12.42 | -4.87 |
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Drawdowns
PBR vs. SPYM - Drawdown Comparison
The maximum PBR drawdown since its inception was -95.62%, which is greater than SPYM's maximum drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for PBR and SPYM.
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Drawdown Indicators
| PBR | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.62% | -54.46% | -41.16% |
Max Drawdown (1Y)Largest decline over 1 year | -18.81% | -8.90% | -9.91% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -18.72% | -9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | -24.48% | -15.14% |
Max Drawdown (10Y)Largest decline over 10 years | -75.13% | -33.87% | -41.26% |
Current DrawdownCurrent decline from peak | -23.41% | -2.35% | -21.06% |
Average DrawdownAverage peak-to-trough decline | -52.70% | -7.15% | -45.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.42% | 1.97% | +5.45% |
Volatility
PBR vs. SPYM - Volatility Comparison
Petróleo Brasileiro S.A. - Petrobras (PBR) has a higher volatility of 7.32% compared to State Street SPDR Portfolio S&P 500 ETF (SPYM) at 4.33%. This indicates that PBR's price experiences larger fluctuations and is considered to be riskier than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBR | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 4.33% | +2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 24.38% | 9.58% | +14.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.24% | 12.26% | +18.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.86% | 16.87% | +20.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.88% | 18.03% | +28.85% |
Dividends
PBR vs. SPYM - Dividend Comparison
PBR's dividend yield for the trailing twelve months is around 3.85%, more than SPYM's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBR Petróleo Brasileiro S.A. - Petrobras | 3.85% | 7.10% | 14.73% | 10.91% | 55.64% | 18.95% | 0.84% | 1.59% | 1.03% | 0.00% | 0.00% | 0.00% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.29% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
Frequently Asked Questions
PBR and SPYM have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBR has higher volatility (7.32%) compared to SPYM (4.33%). In terms of maximum drawdown, PBR dropped -95.62% vs SPYM's -54.46%.
SPYM currently has the higher Sharpe Ratio (2.00 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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