SNDL vs. SPY
Compare and contrast key facts about Sundial Growers Inc. (SNDL) 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: SNDL or SPY.
Correlation
The correlation between SNDL and SPY 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.
Performance
SNDL vs. SPY - Performance Comparison
Key characteristics
SNDL:
0.59
SPY:
1.97
SNDL:
1.45
SPY:
2.64
SNDL:
1.17
SPY:
1.36
SNDL:
0.40
SPY:
2.97
SNDL:
1.76
SPY:
12.34
SNDL:
22.58%
SPY:
2.03%
SNDL:
67.83%
SPY:
12.68%
SNDL:
-99.04%
SPY:
-55.19%
SNDL:
-98.57%
SPY:
-0.01%
Returns By Period
The year-to-date returns for both investments are quite close, with SNDL having a 3.91% return and SPY slightly higher at 4.03%.
SNDL
3.91%
3.33%
-16.22%
30.07%
-32.79%
N/A
SPY
4.03%
2.85%
10.70%
23.01%
14.30%
13.22%
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Risk-Adjusted Performance
SNDL vs. SPY — Risk-Adjusted Performance Rank
SNDL
SPY
SNDL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sundial Growers Inc. (SNDL) 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
SNDL vs. SPY - Dividend Comparison
SNDL has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNDL Sundial Growers 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 | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SNDL vs. SPY - Drawdown Comparison
The maximum SNDL drawdown since its inception was -99.04%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SNDL and SPY. For additional features, visit the drawdowns tool.
Volatility
SNDL vs. SPY - Volatility Comparison
Sundial Growers Inc. (SNDL) has a higher volatility of 13.29% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that SNDL'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.