PDEX vs. SPY
Compare and contrast key facts about Pro-Dex, Inc. (PDEX) 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: PDEX or SPY.
Correlation
The correlation between PDEX and SPY is 0.12, 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
PDEX vs. SPY - Performance Comparison
Key characteristics
PDEX:
1.49
SPY:
1.97
PDEX:
2.18
SPY:
2.64
PDEX:
1.29
SPY:
1.36
PDEX:
1.63
SPY:
2.97
PDEX:
8.49
SPY:
12.34
PDEX:
11.79%
SPY:
2.03%
PDEX:
67.52%
SPY:
12.68%
PDEX:
-95.50%
SPY:
-55.19%
PDEX:
-38.70%
SPY:
-0.01%
Returns By Period
In the year-to-date period, PDEX achieves a -24.24% return, which is significantly lower than SPY's 4.03% return. Over the past 10 years, PDEX has outperformed SPY with an annualized return of 31.95%, while SPY has yielded a comparatively lower 13.24% annualized return.
PDEX
-24.24%
-20.14%
79.34%
100.57%
13.95%
31.95%
SPY
4.03%
2.03%
10.70%
23.63%
14.37%
13.24%
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Risk-Adjusted Performance
PDEX vs. SPY — Risk-Adjusted Performance Rank
PDEX
SPY
PDEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pro-Dex, Inc. (PDEX) 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
PDEX vs. SPY - Dividend Comparison
PDEX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDEX Pro-Dex, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PDEX vs. SPY - Drawdown Comparison
The maximum PDEX drawdown since its inception was -95.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PDEX and SPY. For additional features, visit the drawdowns tool.
Volatility
PDEX vs. SPY - Volatility Comparison
Pro-Dex, Inc. (PDEX) has a higher volatility of 20.35% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that PDEX'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.