POET vs. SPY
Compare and contrast key facts about POET Technologies Inc (POET) 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: POET or SPY.
Correlation
The correlation between POET and SPY is 0.20, 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
POET vs. SPY - Performance Comparison
Key characteristics
POET:
1.24
SPY:
1.46
POET:
2.80
SPY:
1.99
POET:
1.29
SPY:
1.27
POET:
1.74
SPY:
2.23
POET:
6.56
SPY:
9.00
POET:
24.22%
SPY:
2.08%
POET:
127.94%
SPY:
12.83%
POET:
-93.47%
SPY:
-55.19%
POET:
-66.65%
SPY:
-3.06%
Returns By Period
In the year-to-date period, POET achieves a -33.87% return, which is significantly lower than SPY's 1.38% return.
POET
-33.87%
-15.56%
24.92%
195.86%
-0.33%
N/A
SPY
1.38%
-1.79%
6.09%
17.34%
15.76%
12.94%
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Risk-Adjusted Performance
POET vs. SPY — Risk-Adjusted Performance Rank
POET
SPY
POET vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for POET Technologies Inc (POET) 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
POET vs. SPY - Dividend Comparison
POET has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POET POET Technologies 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 | 1.19% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
POET vs. SPY - Drawdown Comparison
The maximum POET drawdown since its inception was -93.47%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for POET and SPY. For additional features, visit the drawdowns tool.
Volatility
POET vs. SPY - Volatility Comparison
POET Technologies Inc (POET) has a higher volatility of 23.60% compared to SPDR S&P 500 ETF (SPY) at 3.69%. This indicates that POET'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.