RY vs. SPYG
Compare and contrast key facts about Royal Bank of Canada (RY) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RY or SPYG.
Key characteristics
| RY | SPYG | |
|---|---|---|
| YTD Return | -2.27% | 8.25% |
| 1Y Return | 1.93% | 26.51% |
| 3Y Return (Ann) | 4.55% | 6.31% |
| 5Y Return (Ann) | 8.48% | 14.22% |
| 10Y Return (Ann) | 8.03% | 13.98% |
| Sharpe Ratio | 0.11 | 1.92 |
| Daily Std Dev | 17.21% | 13.88% |
| Max Drawdown | -63.05% | -67.79% |
| Current Drawdown | -9.81% | -4.62% |
Correlation
The correlation between RY and SPYG is 0.49, 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
RY vs. SPYG - Performance Comparison
In the year-to-date period, RY achieves a -2.27% return, which is significantly lower than SPYG's 8.25% return. Over the past 10 years, RY has underperformed SPYG with an annualized return of 8.03%, while SPYG has yielded a comparatively higher 13.98% 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
RY vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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
RY vs. SPYG - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 4.18%, more than SPYG's 0.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RY Royal Bank of Canada | 4.18% | 3.93% | 4.13% | 3.28% | 3.86% | 3.88% | 4.29% | 3.28% | 3.59% | 4.54% | 3.73% | 3.69% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.96% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
RY vs. SPYG - Drawdown Comparison
The maximum RY drawdown since its inception was -63.05%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for RY and SPYG. For additional features, visit the drawdowns tool.
Volatility
RY vs. SPYG - Volatility Comparison
The current volatility for Royal Bank of Canada (RY) is 4.71%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.62%. This indicates that RY experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.