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.
Correlation
The correlation between PRA and SPY is 0.39, 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
PRA vs. SPY - Performance Comparison
Key characteristics
PRA:
0.17
SPY:
1.88
PRA:
0.61
SPY:
2.53
PRA:
1.07
SPY:
1.35
PRA:
0.09
SPY:
2.83
PRA:
0.60
SPY:
11.74
PRA:
11.52%
SPY:
2.02%
PRA:
40.22%
SPY:
12.64%
PRA:
-78.84%
SPY:
-55.19%
PRA:
-72.00%
SPY:
-0.42%
Returns By Period
In the year-to-date period, PRA achieves a -9.43% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, PRA has underperformed SPY with an annualized return of -7.71%, while SPY has yielded a comparatively higher 13.18% annualized return.
PRA
-9.43%
-5.69%
6.19%
9.42%
-14.44%
-7.71%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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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.
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 1.16%.
| 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 | 1.16% | 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. For additional features, visit the drawdowns tool.
Volatility
PRA vs. SPY - Volatility Comparison
ProAssurance Corporation (PRA) has a higher volatility of 8.04% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that PRA'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.