SPIP vs. O
Compare and contrast key facts about SPDR Portfolio TIPS ETF (SPIP) and Realty Income Corporation (O).
SPIP is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays US Government Inflation-linked Bond Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPIP or O.
Key characteristics
| SPIP | O | |
|---|---|---|
| YTD Return | -0.16% | -2.37% |
| 1Y Return | -1.07% | -6.03% |
| 3Y Return (Ann) | -1.72% | -1.75% |
| 5Y Return (Ann) | 2.17% | 0.30% |
| 10Y Return (Ann) | 1.84% | 7.51% |
| Sharpe Ratio | -0.18 | -0.23 |
| Daily Std Dev | 6.59% | 19.65% |
| Max Drawdown | -15.39% | -48.45% |
| Current Drawdown | -10.91% | -19.34% |
Correlation
The correlation between SPIP and O is 0.03, 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
SPIP vs. O - Performance Comparison
In the year-to-date period, SPIP achieves a -0.16% return, which is significantly higher than O's -2.37% return. Over the past 10 years, SPIP has underperformed O with an annualized return of 1.84%, while O has yielded a comparatively higher 7.51% 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
SPIP vs. O - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio TIPS ETF (SPIP) and Realty Income Corporation (O). 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
SPIP vs. O - Dividend Comparison
SPIP's dividend yield for the trailing twelve months is around 3.54%, less than O's 5.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIP SPDR Portfolio TIPS ETF | 3.54% | 3.70% | 7.05% | 4.53% | 1.97% | 2.57% | 2.80% | 3.02% | 1.88% | 0.14% | 1.66% | 1.11% |
O Realty Income Corporation | 5.56% | 5.33% | 4.68% | 3.87% | 4.50% | 3.69% | 4.18% | 4.45% | 4.18% | 4.41% | 4.59% | 5.83% |
Drawdowns
SPIP vs. O - Drawdown Comparison
The maximum SPIP drawdown since its inception was -15.39%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for SPIP and O. For additional features, visit the drawdowns tool.
Volatility
SPIP vs. O - Volatility Comparison
The current volatility for SPDR Portfolio TIPS ETF (SPIP) is 1.55%, while Realty Income Corporation (O) has a volatility of 6.28%. This indicates that SPIP experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.