SOLB.BR vs. SPY
Compare and contrast key facts about Solvay SA (SOLB.BR) 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: SOLB.BR or SPY.
Key characteristics
| SOLB.BR | SPY | |
|---|---|---|
| YTD Return | 17.26% | 6.58% |
| 1Y Return | 71.95% | 25.57% |
| 3Y Return (Ann) | 36.03% | 8.08% |
| 5Y Return (Ann) | 32.55% | 13.25% |
| 10Y Return (Ann) | 24.39% | 12.38% |
| Sharpe Ratio | 2.17 | 2.13 |
| Daily Std Dev | 32.98% | 11.60% |
| Max Drawdown | -53.10% | -55.19% |
| Current Drawdown | -3.39% | -3.47% |
Correlation
The correlation between SOLB.BR and SPY is 0.28, 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
SOLB.BR vs. SPY - Performance Comparison
In the year-to-date period, SOLB.BR achieves a 17.26% return, which is significantly higher than SPY's 6.58% return. Over the past 10 years, SOLB.BR has outperformed SPY with an annualized return of 24.39%, while SPY has yielded a comparatively lower 12.38% 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
SOLB.BR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Solvay SA (SOLB.BR) 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
SOLB.BR vs. SPY - Dividend Comparison
SOLB.BR's dividend yield for the trailing twelve months is around 13.54%, more than SPY's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOLB.BR Solvay SA | 13.54% | 14.61% | 20.49% | 18.44% | 19.46% | 18.25% | 20.72% | 14.96% | 14.90% | 16.32% | 14.31% | 13.99% |
SPY SPDR S&P 500 ETF | 1.33% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SOLB.BR vs. SPY - Drawdown Comparison
The maximum SOLB.BR drawdown since its inception was -53.10%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SOLB.BR and SPY. For additional features, visit the drawdowns tool.
Volatility
SOLB.BR vs. SPY - Volatility Comparison
Solvay SA (SOLB.BR) has a higher volatility of 9.85% compared to SPDR S&P 500 ETF (SPY) at 4.03%. This indicates that SOLB.BR'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.