RTX vs. SPY
Compare and contrast key facts about Raytheon Technologies Corporation (RTX) 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: RTX or SPY.
Key characteristics
| RTX | SPY | |
|---|---|---|
| YTD Return | 21.32% | 7.26% |
| 1Y Return | 4.82% | 25.03% |
| 3Y Return (Ann) | 9.65% | 8.37% |
| 5Y Return (Ann) | 5.32% | 13.44% |
| 10Y Return (Ann) | 5.74% | 12.49% |
| Sharpe Ratio | 0.30 | 2.35 |
| Daily Std Dev | 22.50% | 11.68% |
| Max Drawdown | -52.67% | -55.19% |
| Current Drawdown | -0.46% | -2.85% |
Correlation
The correlation between RTX and SPY is 0.59, 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
RTX vs. SPY - Performance Comparison
In the year-to-date period, RTX achieves a 21.32% return, which is significantly higher than SPY's 7.26% return. Over the past 10 years, RTX has underperformed SPY with an annualized return of 5.74%, while SPY has yielded a comparatively higher 12.49% 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
RTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Raytheon Technologies Corporation (RTX) 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
RTX vs. SPY - Dividend Comparison
RTX's dividend yield for the trailing twelve months is around 2.33%, more than SPY's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RTX Raytheon Technologies Corporation | 2.33% | 2.76% | 2.14% | 2.33% | 2.64% | 1.96% | 2.66% | 2.13% | 2.39% | 2.66% | 2.05% | 1.93% |
SPY SPDR S&P 500 ETF | 1.32% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RTX vs. SPY - Drawdown Comparison
The maximum RTX drawdown since its inception was -52.67%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RTX and SPY. For additional features, visit the drawdowns tool.
Volatility
RTX vs. SPY - Volatility Comparison
Raytheon Technologies Corporation (RTX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.67% and 3.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.