RWAY vs. SPY
Compare and contrast key facts about Runway Growth Finance Corp. (RWAY) 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: RWAY or SPY.
Key characteristics
| RWAY | SPY | |
|---|---|---|
| YTD Return | 6.08% | 6.58% |
| 1Y Return | 33.78% | 25.57% |
| Sharpe Ratio | 1.27 | 2.13 |
| Daily Std Dev | 25.62% | 11.60% |
| Max Drawdown | -24.09% | -55.19% |
| Current Drawdown | -5.49% | -3.47% |
Correlation
The correlation between RWAY and SPY is 0.35, 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
RWAY vs. SPY - Performance Comparison
In the year-to-date period, RWAY achieves a 6.08% return, which is significantly lower than SPY's 6.58% 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
RWAY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Runway Growth Finance Corp. (RWAY) 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
RWAY vs. SPY - Dividend Comparison
RWAY's dividend yield for the trailing twelve months is around 14.16%, more than SPY's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | 14.16% | 14.34% | 10.64% | 1.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.33% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RWAY vs. SPY - Drawdown Comparison
The maximum RWAY drawdown since its inception was -24.09%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RWAY and SPY. For additional features, visit the drawdowns tool.
Volatility
RWAY vs. SPY - Volatility Comparison
Runway Growth Finance Corp. (RWAY) and SPDR S&P 500 ETF (SPY) have volatilities of 4.17% and 4.03%, 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.