SIMO vs. SPY
Compare and contrast key facts about Silicon Motion Technology Corporation (SIMO) 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: SIMO or SPY.
Key characteristics
| SIMO | SPY | |
|---|---|---|
| YTD Return | -0.97% | 16.89% |
| 1Y Return | 12.33% | 24.07% |
| 3Y Return (Ann) | -5.95% | 8.44% |
| 5Y Return (Ann) | 14.79% | 14.99% |
| 10Y Return (Ann) | 10.16% | 12.64% |
| Sharpe Ratio | 0.41 | 1.94 |
| Daily Std Dev | 31.12% | 12.53% |
| Max Drawdown | -93.19% | -55.19% |
| Current Drawdown | -34.94% | -2.26% |
Correlation
The correlation between SIMO and SPY is 0.41, 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
SIMO vs. SPY - Performance Comparison
In the year-to-date period, SIMO achieves a -0.97% return, which is significantly lower than SPY's 16.89% return. Over the past 10 years, SIMO has underperformed SPY with an annualized return of 10.16%, while SPY has yielded a comparatively higher 12.64% 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
SIMO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Silicon Motion Technology Corporation (SIMO) 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
SIMO vs. SPY - Dividend Comparison
SIMO's dividend yield for the trailing twelve months is around 3.37%, more than SPY's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIMO Silicon Motion Technology Corporation | 3.37% | 0.82% | 2.31% | 1.63% | 2.91% | 2.46% | 3.48% | 1.70% | 1.53% | 1.91% | 2.54% | 4.24% |
SPY SPDR S&P 500 ETF | 1.24% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SIMO vs. SPY - Drawdown Comparison
The maximum SIMO drawdown since its inception was -93.19%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SIMO and SPY. For additional features, visit the drawdowns tool.
Volatility
SIMO vs. SPY - Volatility Comparison
Silicon Motion Technology Corporation (SIMO) has a higher volatility of 14.70% compared to SPDR S&P 500 ETF (SPY) at 5.52%. This indicates that SIMO'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.