Correlation
The correlation between RRR and SPY is 0.51, 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.
RRR vs. SPY
Compare and contrast key facts about Red Rock Resorts, Inc. (RRR) 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: RRR or SPY.
Performance
RRR vs. SPY - Performance Comparison
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Key characteristics
RRR:
-0.05
SPY:
0.71
RRR:
0.38
SPY:
1.20
RRR:
1.05
SPY:
1.18
RRR:
0.07
SPY:
0.83
RRR:
0.15
SPY:
3.14
RRR:
18.59%
SPY:
4.93%
RRR:
36.31%
SPY:
20.41%
RRR:
-89.39%
SPY:
-55.19%
RRR:
-18.14%
SPY:
-2.45%
Returns By Period
In the year-to-date period, RRR achieves a 9.03% return, which is significantly higher than SPY's 2.01% return.
RRR
9.03%
14.44%
2.08%
-1.83%
12.23%
31.67%
N/A
SPY
2.01%
5.18%
-0.66%
14.38%
14.90%
15.54%
12.94%
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Risk-Adjusted Performance
RRR vs. SPY — Risk-Adjusted Performance Rank
RRR
SPY
RRR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Red Rock Resorts, Inc. (RRR) 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.
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Dividends
RRR vs. SPY - Dividend Comparison
RRR's dividend yield for the trailing twelve months is around 4.07%, more than SPY's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RRR Red Rock Resorts, Inc. | 4.07% | 4.33% | 1.88% | 5.00% | 5.45% | 0.40% | 1.67% | 1.97% | 1.19% | 0.86% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RRR vs. SPY - Drawdown Comparison
The maximum RRR drawdown since its inception was -89.39%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RRR and SPY.
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Volatility
RRR vs. SPY - Volatility Comparison
Red Rock Resorts, Inc. (RRR) has a higher volatility of 11.23% compared to SPDR S&P 500 ETF (SPY) at 4.70%. This indicates that RRR'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.
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