PRA vs. SPY
Compare and contrast key facts about ProAssurance Corporation (PRA) and State Street 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.
Performance
PRA vs. SPY - Performance Comparison
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PRA vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRA ProAssurance Corporation | 2.32% | 51.85% | 15.37% | -20.84% | -30.28% | 43.40% | -49.70% | -7.90% | -25.92% | 12.42% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, PRA achieves a 2.32% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, PRA has underperformed SPY with an annualized return of -4.03%, while SPY has yielded a comparatively higher 13.98% annualized return.
PRA
- 1D
- 0.32%
- 1M
- 0.69%
- YTD
- 2.32%
- 6M
- 3.04%
- 1Y
- 5.87%
- 3Y*
- 10.18%
- 5Y*
- -1.26%
- 10Y*
- -4.03%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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Return for Risk
PRA vs. SPY — Risk / Return Rank
PRA
SPY
PRA vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProAssurance Corporation (PRA) and State Street 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.
| PRA | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.93 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.92 | 1.45 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.53 | +0.82 |
Martin ratioReturn relative to average drawdown | 6.81 | 7.30 | -0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRA | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.93 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.69 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.11 | 0.78 | -0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.56 | -0.31 |
Correlation
The correlation between PRA and SPY is 0.38, 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.
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 1.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRA ProAssurance Corporation | 0.00% | 0.00% | 0.00% | 0.36% | 1.14% | 0.79% | 2.59% | 3.43% | 4.29% | 10.38% | 10.55% | 4.62% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PRA vs. SPY - Drawdown Comparison
The maximum PRA drawdown since its inception was -78.83%, 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.
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Drawdown Indicators
| PRA | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.83% | -55.19% | -23.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -12.05% | +9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -60.27% | -24.50% | -35.77% |
Max Drawdown (10Y)Largest decline over 10 years | -78.83% | -33.72% | -45.11% |
Current DrawdownCurrent decline from peak | -51.95% | -6.24% | -45.71% |
Average DrawdownAverage peak-to-trough decline | -22.90% | -9.09% | -13.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.52% | -1.65% |
Volatility
PRA vs. SPY - Volatility Comparison
The current volatility for ProAssurance Corporation (PRA) is 1.46%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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.
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Volatility by Period
| PRA | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 5.31% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 9.47% | -6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.30% | 19.05% | -13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.00% | 17.06% | +22.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.44% | 17.92% | +20.52% |