RDW vs. SPY
Compare and contrast key facts about Redwire Corporation (RDW) 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: RDW or SPY.
Key characteristics
| RDW | SPY | |
|---|---|---|
| YTD Return | 259.65% | 26.01% |
| 1Y Return | 297.29% | 33.73% |
| 3Y Return (Ann) | -0.80% | 9.91% |
| Sharpe Ratio | 4.53 | 2.82 |
| Sortino Ratio | 4.09 | 3.76 |
| Omega Ratio | 1.50 | 1.53 |
| Calmar Ratio | 3.73 | 4.05 |
| Martin Ratio | 25.87 | 18.33 |
| Ulcer Index | 11.73% | 1.86% |
| Daily Std Dev | 67.03% | 12.07% |
| Max Drawdown | -87.26% | -55.19% |
| Current Drawdown | -22.29% | -0.90% |
Correlation
The correlation between RDW and SPY is 0.40, 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
RDW vs. SPY - Performance Comparison
In the year-to-date period, RDW achieves a 259.65% return, which is significantly higher than SPY's 26.01% 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
RDW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) 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
RDW vs. SPY - Dividend Comparison
RDW has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDW Redwire Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
RDW vs. SPY - Drawdown Comparison
The maximum RDW drawdown since its inception was -87.26%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RDW and SPY. For additional features, visit the drawdowns tool.
Volatility
RDW vs. SPY - Volatility Comparison
Redwire Corporation (RDW) has a higher volatility of 23.72% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that RDW'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.