RDN vs. SPY
Compare and contrast key facts about Radian Group Inc. (RDN) 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: RDN or SPY.
Performance
RDN vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, RDN achieves a 21.99% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, RDN has underperformed SPY with an annualized return of 8.96%, while SPY has yielded a comparatively higher 13.10% annualized return.
RDN
21.99%
-0.96%
11.75%
38.13%
9.18%
8.96%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| RDN | SPY | |
|---|---|---|
| Sharpe Ratio | 1.44 | 2.70 |
| Sortino Ratio | 1.95 | 3.60 |
| Omega Ratio | 1.26 | 1.50 |
| Calmar Ratio | 0.68 | 3.90 |
| Martin Ratio | 6.53 | 17.52 |
| Ulcer Index | 5.81% | 1.87% |
| Daily Std Dev | 26.41% | 12.14% |
| Max Drawdown | -98.83% | -55.19% |
| Current Drawdown | -38.97% | -0.85% |
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Correlation
The correlation between RDN and SPY is 0.45, 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.
Risk-Adjusted Performance
RDN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Radian Group Inc. (RDN) 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
RDN vs. SPY - Dividend Comparison
RDN's dividend yield for the trailing twelve months is around 2.82%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDN Radian Group Inc. | 2.82% | 3.15% | 4.20% | 2.58% | 2.47% | 0.04% | 0.06% | 0.05% | 0.06% | 0.07% | 0.06% | 0.07% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RDN vs. SPY - Drawdown Comparison
The maximum RDN drawdown since its inception was -98.83%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RDN and SPY. For additional features, visit the drawdowns tool.
Volatility
RDN vs. SPY - Volatility Comparison
Radian Group Inc. (RDN) has a higher volatility of 13.50% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that RDN'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.