SHLS vs. SPY
Compare and contrast key facts about Shoals Technologies Group, Inc. (SHLS) 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: SHLS or SPY.
Correlation
The correlation between SHLS and SPY is -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SHLS vs. SPY - Performance Comparison
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Key characteristics
SHLS:
102.68%
SPY:
20.02%
SHLS:
0.00%
SPY:
-55.19%
SHLS:
0.00%
SPY:
-7.65%
Returns By Period
SHLS
N/A
N/A
N/A
N/A
N/A
N/A
SPY
-3.42%
5.69%
-5.06%
9.73%
16.26%
12.24%
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Risk-Adjusted Performance
SHLS vs. SPY — Risk-Adjusted Performance Rank
SHLS
SPY
SHLS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shoals Technologies Group, Inc. (SHLS) 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.
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Dividends
SHLS vs. SPY - Dividend Comparison
SHLS has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHLS Shoals Technologies Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SHLS vs. SPY - Drawdown Comparison
The maximum SHLS drawdown since its inception was 0.00%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SHLS and SPY. For additional features, visit the drawdowns tool.
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Volatility
SHLS vs. SPY - Volatility Comparison
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