SAVE vs. IVV
Compare and contrast key facts about Spirit Airlines, Inc. (SAVE) and iShares Core S&P 500 ETF (IVV).
IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SAVE or IVV.
Key characteristics
| SAVE | IVV | |
|---|---|---|
| YTD Return | -91.72% | 26.09% |
| 1Y Return | -87.72% | 33.86% |
| 3Y Return (Ann) | -60.76% | 9.97% |
| 5Y Return (Ann) | -48.09% | 15.60% |
| 10Y Return (Ann) | -32.66% | 13.32% |
| Sharpe Ratio | -0.63 | 2.82 |
| Sortino Ratio | -0.90 | 3.77 |
| Omega Ratio | 0.86 | 1.53 |
| Calmar Ratio | -0.88 | 4.06 |
| Martin Ratio | -1.21 | 18.37 |
| Ulcer Index | 71.13% | 1.86% |
| Daily Std Dev | 137.75% | 12.09% |
| Max Drawdown | -98.29% | -55.25% |
| Current Drawdown | -98.28% | -0.89% |
Correlation
The correlation between SAVE and IVV is 0.42, 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
SAVE vs. IVV - Performance Comparison
In the year-to-date period, SAVE achieves a -91.72% return, which is significantly lower than IVV's 26.09% return. Over the past 10 years, SAVE has underperformed IVV with an annualized return of -32.66%, while IVV has yielded a comparatively higher 13.32% 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
SAVE vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirit Airlines, Inc. (SAVE) and iShares Core S&P 500 ETF (IVV). 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
SAVE vs. IVV - Dividend Comparison
SAVE's dividend yield for the trailing twelve months is around 30.30%, more than IVV's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAVE Spirit Airlines, Inc. | 30.30% | 7.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.25% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
SAVE vs. IVV - Drawdown Comparison
The maximum SAVE drawdown since its inception was -98.29%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SAVE and IVV. For additional features, visit the drawdowns tool.
Volatility
SAVE vs. IVV - Volatility Comparison
Spirit Airlines, Inc. (SAVE) has a higher volatility of 117.05% compared to iShares Core S&P 500 ETF (IVV) at 3.84%. This indicates that SAVE's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.