PNW vs. SPY
Compare and contrast key facts about Pinnacle West Capital Corporation (PNW) 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: PNW or SPY.
Correlation
The correlation between PNW and SPY is 0.35, 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
PNW vs. SPY - Performance Comparison
Key characteristics
PNW:
1.39
SPY:
2.21
PNW:
2.01
SPY:
2.93
PNW:
1.25
SPY:
1.41
PNW:
1.10
SPY:
3.26
PNW:
6.75
SPY:
14.43
PNW:
3.81%
SPY:
1.90%
PNW:
18.42%
SPY:
12.41%
PNW:
-79.18%
SPY:
-55.19%
PNW:
-10.11%
SPY:
-2.74%
Returns By Period
In the year-to-date period, PNW achieves a 23.73% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, PNW has underperformed SPY with an annualized return of 6.32%, while SPY has yielded a comparatively higher 12.97% annualized return.
PNW
23.73%
-7.44%
16.27%
25.53%
3.25%
6.32%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
PNW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinnacle West Capital Corporation (PNW) 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
PNW vs. SPY - Dividend Comparison
PNW's dividend yield for the trailing twelve months is around 4.16%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNW Pinnacle West Capital Corporation | 4.16% | 4.84% | 4.49% | 4.73% | 3.98% | 3.33% | 3.31% | 3.12% | 3.24% | 3.74% | 3.37% | 4.16% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PNW vs. SPY - Drawdown Comparison
The maximum PNW drawdown since its inception was -79.18%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PNW and SPY. For additional features, visit the drawdowns tool.
Volatility
PNW vs. SPY - Volatility Comparison
Pinnacle West Capital Corporation (PNW) has a higher volatility of 5.08% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that PNW'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.