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.
Correlation
The correlation between RDN 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
RDN vs. SPY - Performance Comparison
Key characteristics
RDN:
0.21
SPY:
0.51
RDN:
0.46
SPY:
0.86
RDN:
1.06
SPY:
1.13
RDN:
0.12
SPY:
0.55
RDN:
0.69
SPY:
2.26
RDN:
8.05%
SPY:
4.55%
RDN:
26.50%
SPY:
20.08%
RDN:
-98.83%
SPY:
-55.19%
RDN:
-42.88%
SPY:
-9.89%
Returns By Period
In the year-to-date period, RDN achieves a -0.32% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, RDN has underperformed SPY with an annualized return of 7.61%, while SPY has yielded a comparatively higher 12.16% annualized return.
RDN
-0.32%
-4.42%
-5.12%
6.45%
20.28%
7.61%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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Risk-Adjusted Performance
RDN vs. SPY — Risk-Adjusted Performance Rank
RDN
SPY
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 3.16%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDN Radian Group Inc. | 3.16% | 3.09% | 3.15% | 4.20% | 2.58% | 2.47% | 0.04% | 0.06% | 0.05% | 0.06% | 0.07% | 0.06% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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
The current volatility for Radian Group Inc. (RDN) is 11.35%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that RDN experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.