Correlation
The correlation between PPSI and SPY is 0.17, 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.
PPSI vs. SPY
Compare and contrast key facts about Pioneer Power Solutions, Inc. (PPSI) 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: PPSI or SPY.
Performance
PPSI vs. SPY - Performance Comparison
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Key characteristics
PPSI:
-0.26
SPY:
0.67
PPSI:
0.19
SPY:
1.03
PPSI:
1.02
SPY:
1.15
PPSI:
-0.13
SPY:
0.69
PPSI:
-0.39
SPY:
2.61
PPSI:
24.40%
SPY:
4.92%
PPSI:
58.83%
SPY:
20.44%
PPSI:
-87.12%
SPY:
-55.19%
PPSI:
-67.21%
SPY:
-3.44%
Returns By Period
In the year-to-date period, PPSI achieves a -35.35% return, which is significantly lower than SPY's 0.98% return. Over the past 10 years, PPSI has underperformed SPY with an annualized return of -4.35%, while SPY has yielded a comparatively higher 12.73% annualized return.
PPSI
-35.35%
-2.91%
-40.74%
-15.16%
-9.48%
30.73%
-4.35%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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Risk-Adjusted Performance
PPSI vs. SPY — Risk-Adjusted Performance Rank
PPSI
SPY
PPSI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Power Solutions, Inc. (PPSI) 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
PPSI vs. SPY - Dividend Comparison
PPSI's dividend yield for the trailing twelve months is around 56.18%, more than SPY's 1.21% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PPSI Pioneer Power Solutions, Inc. | 56.18% | 36.32% | 0.00% | 0.00% | 1.60% | 0.00% | 60.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PPSI vs. SPY - Drawdown Comparison
The maximum PPSI drawdown since its inception was -87.12%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PPSI and SPY.
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Volatility
PPSI vs. SPY - Volatility Comparison
Pioneer Power Solutions, Inc. (PPSI) has a higher volatility of 19.58% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that PPSI'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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