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:
2.15
SPY:
0.30
PNW:
2.93
SPY:
0.56
PNW:
1.37
SPY:
1.08
PNW:
2.27
SPY:
0.31
PNW:
8.63
SPY:
1.40
PNW:
4.46%
SPY:
4.18%
PNW:
17.85%
SPY:
19.64%
PNW:
-79.18%
SPY:
-55.19%
PNW:
-1.03%
SPY:
-13.86%
Returns By Period
In the year-to-date period, PNW achieves a 12.58% return, which is significantly higher than SPY's -9.91% return. Over the past 10 years, PNW has underperformed SPY with an annualized return of 8.35%, while SPY has yielded a comparatively higher 11.59% annualized return.
PNW
12.58%
0.27%
9.69%
35.12%
8.11%
8.35%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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Risk-Adjusted Performance
PNW vs. SPY — Risk-Adjusted Performance Rank
PNW
SPY
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 3.76%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNW Pinnacle West Capital Corporation | 3.76% | 4.17% | 4.84% | 4.49% | 4.73% | 3.98% | 3.33% | 3.31% | 3.12% | 3.24% | 3.74% | 3.37% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
The current volatility for Pinnacle West Capital Corporation (PNW) is 6.93%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that PNW 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.