PRMW vs. SPY
Compare and contrast key facts about Primo Water Corporation (PRMW) 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: PRMW or SPY.
Key characteristics
PRMW | SPY | |
---|---|---|
YTD Return | 42.72% | 11.81% |
1Y Return | 55.87% | 31.01% |
3Y Return (Ann) | 9.31% | 9.97% |
5Y Return (Ann) | 10.98% | 15.01% |
10Y Return (Ann) | 13.86% | 12.94% |
Sharpe Ratio | 2.05 | 2.61 |
Daily Std Dev | 25.95% | 11.55% |
Max Drawdown | -98.16% | -55.19% |
Current Drawdown | -24.51% | 0.00% |
Correlation
The correlation between PRMW and SPY is 0.28, 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
PRMW vs. SPY - Performance Comparison
In the year-to-date period, PRMW achieves a 42.72% return, which is significantly higher than SPY's 11.81% return. Over the past 10 years, PRMW has outperformed SPY with an annualized return of 13.86%, while SPY has yielded a comparatively lower 12.94% annualized return. 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
PRMW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Primo Water Corporation (PRMW) 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
PRMW vs. SPY - Dividend Comparison
PRMW's dividend yield for the trailing twelve months is around 1.54%, more than SPY's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Primo Water Corporation | 1.54% | 2.13% | 1.80% | 1.36% | 1.53% | 1.75% | 1.72% | 1.44% | 2.11% | 2.18% | 3.40% | 2.86% |
SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PRMW vs. SPY - Drawdown Comparison
The maximum PRMW drawdown since its inception was -98.16%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRMW and SPY. For additional features, visit the drawdowns tool.
Volatility
PRMW vs. SPY - Volatility Comparison
Primo Water Corporation (PRMW) has a higher volatility of 5.29% compared to SPDR S&P 500 ETF (SPY) at 3.48%. This indicates that PRMW'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.