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:
0.27
SPY:
0.32
RNR:
0.51
SPY:
0.51
RNR:
1.07
SPY:
1.07
RNR:
0.33
SPY:
0.39
RNR:
0.77
SPY:
1.52
RNR:
8.96%
SPY:
3.13%
RNR:
25.88%
SPY:
14.74%
RNR:
-45.67%
SPY:
-55.19%
RNR:
-14.38%
SPY:
-12.17%
Returns By Period
In the year-to-date period, RNR achieves a -1.22% return, which is significantly higher than SPY's -8.15% return. Over the past 10 years, RNR has underperformed SPY with an annualized return of 10.32%, while SPY has yielded a comparatively higher 11.89% annualized return.
RNR
-1.22%
0.44%
-10.13%
7.50%
12.58%
10.32%
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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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 0.64%, less than SPY's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNR RenaissanceRe Holdings Ltd. | 0.64% | 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 | 1.34% | 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
The current volatility for RenaissanceRe Holdings Ltd. (RNR) is 6.68%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.47%. This indicates that RNR 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.