RACE.MI vs. SPY
Compare and contrast key facts about Ferrari NV (RACE.MI) 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: RACE.MI or SPY.
Key characteristics
| RACE.MI | SPY | |
|---|---|---|
| YTD Return | 35.75% | 18.86% |
| 1Y Return | 47.18% | 28.13% |
| 3Y Return (Ann) | 31.11% | 9.87% |
| 5Y Return (Ann) | 24.86% | 15.23% |
| Sharpe Ratio | 2.25 | 2.21 |
| Daily Std Dev | 23.28% | 12.60% |
| Max Drawdown | -37.22% | -55.19% |
| Current Drawdown | -7.94% | -0.61% |
Correlation
The correlation between RACE.MI and SPY is 0.41, 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
RACE.MI vs. SPY - Performance Comparison
In the year-to-date period, RACE.MI achieves a 35.75% return, which is significantly higher than SPY's 18.86% 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
RACE.MI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ferrari NV (RACE.MI) 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
RACE.MI vs. SPY - Dividend Comparison
RACE.MI's dividend yield for the trailing twelve months is around 0.59%, less than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RACE.MI Ferrari NV | 0.59% | 0.59% | 0.68% | 0.38% | 0.60% | 0.70% | 0.82% | 0.73% | 0.83% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RACE.MI vs. SPY - Drawdown Comparison
The maximum RACE.MI drawdown since its inception was -37.22%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RACE.MI and SPY. For additional features, visit the drawdowns tool.
Volatility
RACE.MI vs. SPY - Volatility Comparison
Ferrari NV (RACE.MI) has a higher volatility of 5.46% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that RACE.MI'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.