RNR vs. SPY
Compare and contrast key facts about RenaissanceRe Holdings Ltd. (RNR) 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: RNR or SPY.
Correlation
The correlation between RNR and SPY is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RNR vs. SPY - Performance Comparison
Key characteristics
RNR:
1.06
SPY:
2.20
RNR:
1.49
SPY:
2.91
RNR:
1.21
SPY:
1.41
RNR:
1.66
SPY:
3.35
RNR:
4.51
SPY:
13.99
RNR:
5.77%
SPY:
2.01%
RNR:
24.66%
SPY:
12.79%
RNR:
-45.67%
SPY:
-55.19%
RNR:
-10.31%
SPY:
-1.35%
Returns By Period
In the year-to-date period, RNR achieves a 3.48% return, which is significantly higher than SPY's 1.96% return. Over the past 10 years, RNR has underperformed SPY with an annualized return of 11.45%, while SPY has yielded a comparatively higher 13.44% annualized return.
RNR
3.48%
6.40%
14.44%
23.54%
6.81%
11.45%
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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Risk-Adjusted Performance
RNR vs. SPY — Risk-Adjusted Performance Rank
RNR
SPY
RNR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RenaissanceRe Holdings Ltd. (RNR) 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
RNR vs. SPY - Dividend Comparison
RNR's dividend yield for the trailing twelve months is around 0.61%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNR RenaissanceRe Holdings Ltd. | 0.61% | 0.63% | 0.78% | 0.80% | 0.85% | 0.84% | 0.69% | 0.99% | 1.02% | 0.91% | 1.06% | 1.19% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RNR vs. SPY - Drawdown Comparison
The maximum RNR drawdown since its inception was -45.67%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RNR and SPY. For additional features, visit the drawdowns tool.
Volatility
RNR vs. SPY - Volatility Comparison
RenaissanceRe Holdings Ltd. (RNR) has a higher volatility of 7.71% compared to SPDR S&P 500 ETF (SPY) at 5.10%. This indicates that RNR'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.