Correlation
The correlation between POET and SPYG is 0.21, 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.
POET vs. SPYG
Compare and contrast key facts about POET Technologies Inc (POET) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POET or SPYG.
Performance
POET vs. SPYG - Performance Comparison
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Key characteristics
POET:
1.29
SPYG:
0.82
POET:
2.52
SPYG:
1.15
POET:
1.27
SPYG:
1.16
POET:
1.55
SPYG:
0.82
POET:
4.36
SPYG:
2.75
POET:
30.55%
SPYG:
6.63%
POET:
108.47%
SPYG:
25.18%
POET:
-93.47%
SPYG:
-67.79%
POET:
-63.26%
SPYG:
-2.78%
Returns By Period
In the year-to-date period, POET achieves a -27.14% return, which is significantly lower than SPYG's 2.18% return.
POET
-27.14%
4.46%
-19.87%
143.54%
-8.67%
3.22%
N/A
SPYG
2.18%
8.10%
3.01%
20.35%
17.35%
16.74%
14.90%
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Risk-Adjusted Performance
POET vs. SPYG — Risk-Adjusted Performance Rank
POET
SPYG
POET vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for POET Technologies Inc (POET) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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
POET vs. SPYG - Dividend Comparison
POET has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.60%.
| 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% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.60% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
POET vs. SPYG - Drawdown Comparison
The maximum POET drawdown since its inception was -93.47%, which is greater than SPYG's maximum drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for POET and SPYG.
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Volatility
POET vs. SPYG - Volatility Comparison
POET Technologies Inc (POET) has a higher volatility of 12.53% compared to SPDR Portfolio S&P 500 Growth ETF (SPYG) at 5.58%. This indicates that POET's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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