SPY vs. RNP
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP).
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: SPY or RNP.
Key characteristics
| SPY | RNP | |
|---|---|---|
| YTD Return | 26.77% | 19.82% |
| 1Y Return | 37.43% | 44.59% |
| 3Y Return (Ann) | 10.15% | 2.56% |
| 5Y Return (Ann) | 15.86% | 7.41% |
| 10Y Return (Ann) | 13.33% | 10.50% |
| Sharpe Ratio | 3.06 | 2.36 |
| Sortino Ratio | 4.08 | 3.27 |
| Omega Ratio | 1.58 | 1.41 |
| Calmar Ratio | 4.44 | 1.46 |
| Martin Ratio | 20.11 | 14.86 |
| Ulcer Index | 1.85% | 2.99% |
| Daily Std Dev | 12.18% | 18.79% |
| Max Drawdown | -55.19% | -87.10% |
| Current Drawdown | -0.31% | -6.04% |
Correlation
The correlation between SPY and RNP is 0.54, 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
SPY vs. RNP - Performance Comparison
In the year-to-date period, SPY achieves a 26.77% return, which is significantly higher than RNP's 19.82% return. Over the past 10 years, SPY has outperformed RNP with an annualized return of 13.33%, while RNP has yielded a comparatively lower 10.50% annualized 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
SPY vs. RNP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) and Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP). 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
SPY vs. RNP - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.17%, less than RNP's 7.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
RNP Cohen & Steers REIT and Preferred Income Fund, Inc. | 7.85% | 8.10% | 13.26% | 5.20% | 6.52% | 6.25% | 8.36% | 7.00% | 7.75% | 8.03% | 6.79% | 7.64% |
Drawdowns
SPY vs. RNP - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, smaller than the maximum RNP drawdown of -87.10%. Use the drawdown chart below to compare losses from any high point for SPY and RNP. For additional features, visit the drawdowns tool.
Volatility
SPY vs. RNP - Volatility Comparison
The current volatility for SPDR S&P 500 ETF (SPY) is 3.88%, while Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) has a volatility of 5.87%. This indicates that SPY experiences smaller price fluctuations and is considered to be less risky than RNP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.