Correlation
The correlation between PDM and SPY is 0.50, 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.
PDM vs. SPY
Compare and contrast key facts about Piedmont Office Realty Trust, Inc. (PDM) 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: PDM or SPY.
Performance
PDM vs. SPY - Performance Comparison
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Key characteristics
PDM:
0.09
SPY:
0.70
PDM:
0.50
SPY:
1.02
PDM:
1.07
SPY:
1.15
PDM:
0.11
SPY:
0.68
PDM:
0.33
SPY:
2.57
PDM:
21.54%
SPY:
4.93%
PDM:
39.70%
SPY:
20.42%
PDM:
-74.00%
SPY:
-55.19%
PDM:
-59.58%
SPY:
-3.55%
Returns By Period
In the year-to-date period, PDM achieves a -20.82% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, PDM has underperformed SPY with an annualized return of -3.36%, while SPY has yielded a comparatively higher 12.73% annualized return.
PDM
-20.82%
13.38%
-23.90%
2.09%
-15.75%
-10.21%
-3.36%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
PDM vs. SPY — Risk-Adjusted Performance Rank
PDM
SPY
PDM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Piedmont Office Realty Trust, Inc. (PDM) 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.
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Dividends
PDM vs. SPY - Dividend Comparison
PDM's dividend yield for the trailing twelve months is around 5.27%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDM Piedmont Office Realty Trust, Inc. | 5.27% | 5.46% | 9.42% | 9.16% | 4.57% | 5.18% | 3.78% | 4.93% | 6.83% | 4.02% | 4.45% | 4.30% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PDM vs. SPY - Drawdown Comparison
The maximum PDM drawdown since its inception was -74.00%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PDM and SPY.
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Volatility
PDM vs. SPY - Volatility Comparison
Piedmont Office Realty Trust, Inc. (PDM) has a higher volatility of 13.54% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that PDM'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.
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