R vs. SPY

Last updated Jun 18, 2026

R (Ryder System, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, R returned 18.62%/yr vs 15.43%/yr for SPY. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

R vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ryder System, Inc. (R) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, R achieves a 40.18% return, which is significantly higher than SPY's 8.95% return. Over the past 10 years, R has outperformed SPY with an annualized return of 18.62%, while SPY has yielded a comparatively lower 15.43% annualized return.

R

• 1D: -3.12%
• 1M: 14.92%
• YTD: 40.18%
• 6M: 42.34%
• 1Y: 79.94%
• 3Y*: 51.18%
• 5Y*: 33.22%
• 10Y*: 18.62%

SPY

• 1D: -1.25%
• 1M: 0.31%
• YTD: 8.95%
• 6M: 10.99%
• 1Y: 25.43%
• 3Y*: 20.41%
• 5Y*: 13.77%
• 10Y*: 15.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

R vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
R Ryder System, Inc.	40.18%	24.53%	39.51%	41.61%	4.38%	37.59%	20.15%	17.42%	-41.03%	15.88%
SPY State Street SPDR S&P 500 ETF	8.95%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Correlation

The correlation between R and SPY is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jan 29, 1993	0.54

The correlation between R and SPY has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.

Return for Risk

R vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

R

R Risk / Return Rank: 90
R Sharpe Ratio Rank: 92
R Sortino Ratio Rank: 88
R Omega Ratio Rank: 90
R Calmar Ratio Rank: 91
R Martin Ratio Rank: 91

SPY

SPY Risk / Return Rank: 67
SPY Sharpe Ratio Rank: 68
SPY Sortino Ratio Rank: 65
SPY Omega Ratio Rank: 69
SPY Calmar Ratio Rank: 61
SPY Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

R vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ryder System, Inc. (R) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	R	SPY	Difference
Sharpe ratio: Return per unit of total volatility	2.38	2.06	+0.32
Sortino ratio: Return per unit of downside risk	2.81	2.80	+0.01
Omega ratio: Gain probability vs. loss probability	1.41	1.38	+0.03
Calmar ratio: Return relative to maximum drawdown	4.59	2.87	+1.71
Martin ratio: Return relative to average drawdown	12.63	12.95	-0.32

R vs. SPY - Sharpe Ratio Comparison

The current R Sharpe Ratio is 2.38, which is comparable to the SPY Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of R and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

R vs. SPY - Drawdown Comparison

The maximum R drawdown since its inception was -74.02%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for R and SPY.

Drawdown Indicators

	R	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-74.02%	-55.19%	-18.83%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-8.88%	-8.64%
Max Drawdown (3Y) Largest decline over 3 years	-23.86%	-18.76%	-5.10%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	-24.50%	-5.47%
Max Drawdown (10Y) Largest decline over 10 years	-72.26%	-33.72%	-38.54%
Current Drawdown Current decline from peak	-5.08%	-2.45%	-2.63%
Average Drawdown Average peak-to-trough decline	-22.49%	-9.04%	-13.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.35%	1.97%	+4.38%

Volatility

R vs. SPY - Volatility Comparison

Ryder System, Inc. (R) has a higher volatility of 8.07% compared to State Street SPDR S&P 500 ETF (SPY) at 4.68%. This indicates that R'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.

Volatility by Period

	R	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.07%	4.68%	+3.39%
Volatility (6M) Calculated over the trailing 6-month period	25.17%	9.77%	+15.40%
Volatility (1Y) Calculated over the trailing 1-year period	33.77%	12.41%	+21.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.05%	17.15%	+15.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.66%	17.98%	+18.68%

Dividends

R vs. SPY - Dividend Comparison

R's dividend yield for the trailing twelve months is around 1.37%, more than SPY's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
R Ryder System, Inc.	1.37%	1.80%	1.94%	2.31%	2.87%	2.77%	3.63%	4.05%	4.40%	2.14%	2.28%	2.75%
SPY State Street SPDR S&P 500 ETF	1.00%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both R and SPY in my portfolio?

R and SPY have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, R or SPY?

R has higher volatility (8.07%) compared to SPY (4.68%). In terms of maximum drawdown, R dropped -74.02% vs SPY's -55.19%.

Which has better risk-adjusted returns?

R currently has the higher Sharpe Ratio (2.38 vs 2.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.