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.
Correlation
The correlation between RWAY 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
RWAY vs. SPY - Performance Comparison
Key characteristics
RWAY:
0.00
SPY:
1.82
RWAY:
0.16
SPY:
2.45
RWAY:
1.03
SPY:
1.33
RWAY:
0.00
SPY:
2.76
RWAY:
0.00
SPY:
11.44
RWAY:
12.52%
SPY:
2.03%
RWAY:
25.48%
SPY:
12.74%
RWAY:
-24.05%
SPY:
-55.19%
RWAY:
-4.72%
SPY:
-1.47%
Returns By Period
In the year-to-date period, RWAY achieves a 5.20% return, which is significantly higher than SPY's 2.51% return.
RWAY
5.20%
5.97%
19.43%
0.19%
N/A
N/A
SPY
2.51%
1.91%
13.44%
22.11%
14.33%
13.24%
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Risk-Adjusted Performance
RWAY vs. SPY — Risk-Adjusted Performance Rank
RWAY
SPY
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 15.52%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | 11.45% | 16.33% | 14.34% | 10.87% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RWAY vs. SPY - Drawdown Comparison
The maximum RWAY drawdown since its inception was -24.05%, 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) has a higher volatility of 4.29% compared to SPDR S&P 500 ETF (SPY) at 3.78%. This indicates that RWAY'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.