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SKWD vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SKWD and SPY is 0.27, 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.

SKWD vs. SPY

Last updated Jun 3, 2025

Compare and contrast key facts about Skyward Specialty Insurance Group Inc. Common Stock (SKWD) 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: SKWD or SPY.

Performance

SKWD vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Skyward Specialty Insurance Group Inc. Common Stock (SKWD) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

SKWD:

2.07

SPY:

0.68

Sortino Ratio

SKWD:

2.61

SPY:

1.11

Omega Ratio

SKWD:

1.34

SPY:

1.16

Calmar Ratio

SKWD:

3.24

SPY:

0.75

Martin Ratio

SKWD:

9.64

SPY:

2.86

Ulcer Index

SKWD:

7.85%

SPY:

4.93%

Daily Std Dev

SKWD:

36.20%

SPY:

20.44%

Max Drawdown

SKWD:

-23.36%

SPY:

-55.19%

Current Drawdown

SKWD:

0.00%

SPY:

-3.01%

Returns By Period

In the year-to-date period, SKWD achieves a 28.61% return, which is significantly higher than SPY's 1.44% return.

SKWD

YTD

28.61%

1M

10.86%

6M

20.44%

1Y

74.17%

3Y*

N/A

5Y*

N/A

10Y*

N/A

SPY

YTD

1.44%

1M

4.58%

6M

-1.18%

1Y

13.82%

3Y*

14.68%

5Y*

15.35%

10Y*

12.88%

*Annualized

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Skyward Specialty Insurance Group Inc. Common Stock

SPDR S&P 500 ETF

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

SKWD vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SKWD
The Risk-Adjusted Performance Rank of SKWD is 9393
Overall Rank
The Sharpe Ratio Rank of SKWD is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of SKWD is 9292
Sortino Ratio Rank
The Omega Ratio Rank of SKWD is 9090
Omega Ratio Rank
The Calmar Ratio Rank of SKWD is 9797
Calmar Ratio Rank
The Martin Ratio Rank of SKWD is 9494
Martin Ratio Rank
SPY
The Risk-Adjusted Performance Rank of SPY is 6565
Overall Rank
The Sharpe Ratio Rank of SPY is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6363
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6767
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7070
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SKWD vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Skyward Specialty Insurance Group Inc. Common Stock (SKWD) 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.

The current SKWD Sharpe Ratio is 2.07, which is higher than the SPY Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of SKWD and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

SKWD vs. SPY - Dividend Comparison

SKWD has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.

TTM20242023202220212020201920182017201620152014
SKWD
Skyward Specialty Insurance Group Inc. Common Stock		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		1.21%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

SKWD vs. SPY - Drawdown Comparison

The maximum SKWD drawdown since its inception was -23.36%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SKWD and SPY.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

SKWD vs. SPY - Volatility Comparison

Skyward Specialty Insurance Group Inc. Common Stock (SKWD) has a higher volatility of 11.01% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that SKWD'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.

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