Correlation
The correlation between PRA and SPY is 0.40, 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.
PRA vs. SPY
Compare and contrast key facts about ProAssurance Corporation (PRA) 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: PRA or SPY.
Performance
PRA vs. SPY - Performance Comparison
Loading data...
Key characteristics
PRA:
0.98
SPY:
0.70
PRA:
2.88
SPY:
1.02
PRA:
1.35
SPY:
1.15
PRA:
0.73
SPY:
0.68
PRA:
5.70
SPY:
2.57
PRA:
10.12%
SPY:
4.93%
PRA:
61.32%
SPY:
20.42%
PRA:
-78.84%
SPY:
-55.19%
PRA:
-54.94%
SPY:
-3.55%
Returns By Period
In the year-to-date period, PRA achieves a 45.76% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, PRA has underperformed SPY with an annualized return of -2.98%, while SPY has yielded a comparatively higher 12.73% annualized return.
PRA
45.76%
0.65%
38.70%
61.38%
1.81%
11.61%
-2.98%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
PRA vs. SPY — Risk-Adjusted Performance Rank
PRA
SPY
PRA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProAssurance Corporation (PRA) 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.
Loading data...
Dividends
PRA vs. SPY - Dividend Comparison
PRA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRA ProAssurance Corporation | 0.00% | 0.00% | 0.36% | 1.14% | 0.79% | 2.59% | 3.43% | 4.29% | 10.38% | 10.55% | 4.62% | 8.55% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PRA vs. SPY - Drawdown Comparison
The maximum PRA drawdown since its inception was -78.84%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRA and SPY.
Loading data...
Volatility
PRA vs. SPY - Volatility Comparison
The current volatility for ProAssurance Corporation (PRA) is 1.27%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that PRA 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.
Loading data...