SHYF vs. SPY
Compare and contrast key facts about The Shyft Group, Inc. (SHYF) 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: SHYF or SPY.
Correlation
The correlation between SHYF and SPY is 0.33, 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
SHYF vs. SPY - Performance Comparison
Key characteristics
SHYF:
-0.13
SPY:
2.21
SHYF:
0.21
SPY:
2.93
SHYF:
1.03
SPY:
1.41
SHYF:
-0.09
SPY:
3.26
SHYF:
-0.45
SPY:
14.40
SHYF:
16.29%
SPY:
1.90%
SHYF:
55.84%
SPY:
12.44%
SHYF:
-94.35%
SPY:
-55.19%
SHYF:
-77.80%
SPY:
-1.83%
Returns By Period
In the year-to-date period, SHYF achieves a -3.23% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, SHYF has underperformed SPY with an annualized return of 9.40%, while SPY has yielded a comparatively higher 13.04% annualized return.
SHYF
-3.23%
-15.53%
-1.14%
-6.15%
-8.21%
9.40%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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Risk-Adjusted Performance
SHYF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Shyft Group, Inc. (SHYF) 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
SHYF vs. SPY - Dividend Comparison
SHYF's dividend yield for the trailing twelve months is around 1.72%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYF The Shyft Group, Inc. | 1.72% | 1.64% | 0.80% | 0.20% | 0.35% | 0.55% | 1.38% | 0.63% | 1.08% | 3.22% | 1.90% | 1.49% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SHYF vs. SPY - Drawdown Comparison
The maximum SHYF drawdown since its inception was -94.35%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SHYF and SPY. For additional features, visit the drawdowns tool.
Volatility
SHYF vs. SPY - Volatility Comparison
The Shyft Group, Inc. (SHYF) has a higher volatility of 19.08% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that SHYF'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.