Correlation
The correlation between SHBI and SPYG is 0.31, 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.
SHBI vs. SPYG
Compare and contrast key facts about Shore Bancshares, Inc. (SHBI) 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: SHBI or SPYG.
Performance
SHBI vs. SPYG - Performance Comparison
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Key characteristics
SHBI:
1.02
SPYG:
0.82
SHBI:
1.69
SPYG:
1.15
SHBI:
1.21
SPYG:
1.16
SHBI:
0.66
SPYG:
0.82
SHBI:
2.82
SPYG:
2.75
SHBI:
12.06%
SPYG:
6.63%
SHBI:
33.25%
SPYG:
25.18%
SHBI:
-85.55%
SPYG:
-67.79%
SHBI:
-30.97%
SPYG:
-2.78%
Returns By Period
In the year-to-date period, SHBI achieves a -7.15% return, which is significantly lower than SPYG's 2.18% return. Over the past 10 years, SHBI has underperformed SPYG with an annualized return of 7.30%, while SPYG has yielded a comparatively higher 14.90% annualized return.
SHBI
-7.15%
5.04%
-10.53%
32.34%
-7.35%
11.33%
7.30%
SPYG
2.18%
8.10%
3.01%
20.35%
17.35%
16.74%
14.90%
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Risk-Adjusted Performance
SHBI vs. SPYG — Risk-Adjusted Performance Rank
SHBI
SPYG
SHBI vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shore Bancshares, Inc. (SHBI) 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.
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Dividends
SHBI vs. SPYG - Dividend Comparison
SHBI's dividend yield for the trailing twelve months is around 3.31%, more than SPYG's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHBI Shore Bancshares, Inc. | 3.31% | 3.03% | 3.37% | 2.75% | 2.30% | 3.29% | 2.42% | 2.20% | 1.32% | 0.92% | 0.37% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.60% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
SHBI vs. SPYG - Drawdown Comparison
The maximum SHBI drawdown since its inception was -85.55%, which is greater than SPYG's maximum drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for SHBI and SPYG.
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Volatility
SHBI vs. SPYG - Volatility Comparison
Shore Bancshares, Inc. (SHBI) has a higher volatility of 7.71% compared to SPDR Portfolio S&P 500 Growth ETF (SPYG) at 5.58%. This indicates that SHBI's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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