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RTX vs. SPY

Last updated Feb 24, 2024

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


RTXSPY
YTD Return7.68%6.85%
1Y Return-7.19%28.68%
3Y Return (Ann)9.63%11.08%
5Y Return (Ann)4.85%14.58%
10Y Return (Ann)4.63%12.67%
Sharpe Ratio-0.322.38
Daily Std Dev23.41%12.35%
Max Drawdown-52.67%-55.19%
Current Drawdown-11.65%0.00%

Correlation

0.59
-1.001.00

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.

RTX vs. SPY - Performance Comparison

In the year-to-date period, RTX achieves a 7.68% return, which is significantly higher than SPY's 6.85% return. Over the past 10 years, RTX has underperformed SPY with an annualized return of 4.63%, while SPY has yielded a comparatively higher 12.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%SeptemberOctoberNovemberDecember2024February
7.77%
16.31%
RTX
SPY

Compare stocks, funds, or ETFs


Raytheon Technologies Corporation

SPDR S&P 500 ETF

RTX vs. SPY - Dividend Comparison

RTX's dividend yield for the trailing twelve months is around 2.62%, more than SPY's 1.31% yield.


TTM20232022202120202019201820172016201520142013
RTX
Raytheon Technologies Corporation
2.62%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
1.31%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
RTX
Raytheon Technologies Corporation
-0.32
SPY
SPDR S&P 500 ETF
2.38

RTX vs. SPY - Sharpe Ratio Comparison

The current RTX Sharpe Ratio is -0.32, which is lower than the SPY Sharpe Ratio of 2.38. The chart below compares the 12-month rolling Sharpe Ratio of RTX and SPY.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.502.002.50SeptemberOctoberNovemberDecember2024February
-0.32
2.38
RTX
SPY

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%. The drawdown chart below compares losses from any high point along the way for RTX and SPY


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2024February
-11.65%
0
RTX
SPY

RTX vs. SPY - Volatility Comparison

The current volatility for Raytheon Technologies Corporation (RTX) is 3.25%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.93%. This indicates that RTX 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.


2.00%4.00%6.00%8.00%10.00%SeptemberOctoberNovemberDecember2024February
3.25%
3.93%
RTX
SPY