PRIM vs. SPY
Compare and contrast key facts about Primoris Services Corporation (PRIM) 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: PRIM or SPY.
Key characteristics
| PRIM | SPY | |
|---|---|---|
| YTD Return | 147.55% | 27.16% |
| 1Y Return | 170.30% | 37.73% |
| 3Y Return (Ann) | 49.66% | 10.28% |
| 5Y Return (Ann) | 31.96% | 15.97% |
| 10Y Return (Ann) | 13.77% | 13.38% |
| Sharpe Ratio | 4.50 | 3.25 |
| Sortino Ratio | 4.90 | 4.32 |
| Omega Ratio | 1.64 | 1.61 |
| Calmar Ratio | 6.33 | 4.74 |
| Martin Ratio | 37.39 | 21.51 |
| Ulcer Index | 4.57% | 1.85% |
| Daily Std Dev | 38.10% | 12.20% |
| Max Drawdown | -68.44% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PRIM and SPY is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PRIM vs. SPY - Performance Comparison
In the year-to-date period, PRIM achieves a 147.55% return, which is significantly higher than SPY's 27.16% return. Both investments have delivered pretty close results over the past 10 years, with PRIM having a 13.77% annualized return and SPY not far behind at 13.38%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PRIM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Primoris Services Corporation (PRIM) 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
PRIM vs. SPY - Dividend Comparison
PRIM's dividend yield for the trailing twelve months is around 0.29%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRIM Primoris Services Corporation | 0.29% | 0.72% | 1.09% | 1.00% | 0.87% | 1.08% | 1.25% | 1.03% | 0.97% | 0.93% | 0.65% | 0.43% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PRIM vs. SPY - Drawdown Comparison
The maximum PRIM drawdown since its inception was -68.44%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRIM and SPY. For additional features, visit the drawdowns tool.
Volatility
PRIM vs. SPY - Volatility Comparison
Primoris Services Corporation (PRIM) has a higher volatility of 15.27% compared to SPDR S&P 500 ETF (SPY) at 3.92%. This indicates that PRIM'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.