SPY vs. SPLP
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and Steel Partners Holdings L.P. (SPLP).
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: SPY or SPLP.
Correlation
The correlation between SPY and SPLP is 0.14, 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
SPY vs. SPLP - Performance Comparison
Key characteristics
SPY:
2.03
SPLP:
0.10
SPY:
2.71
SPLP:
0.42
SPY:
1.38
SPLP:
1.06
SPY:
3.02
SPLP:
0.14
SPY:
13.49
SPLP:
0.58
SPY:
1.88%
SPLP:
6.46%
SPY:
12.48%
SPLP:
37.07%
SPY:
-55.19%
SPLP:
-78.35%
SPY:
-3.54%
SPLP:
-13.47%
Returns By Period
In the year-to-date period, SPY achieves a 24.51% return, which is significantly higher than SPLP's 3.75% return. Over the past 10 years, SPY has outperformed SPLP with an annualized return of 12.94%, while SPLP has yielded a comparatively lower 9.64% annualized return.
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
SPLP
3.75%
2.39%
13.70%
6.00%
27.97%
9.64%
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Risk-Adjusted Performance
SPY vs. SPLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) and Steel Partners Holdings L.P. (SPLP). 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
SPY vs. SPLP - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 0.87%, while SPLP has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
SPLP Steel Partners Holdings L.P. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPY vs. SPLP - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, smaller than the maximum SPLP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for SPY and SPLP. For additional features, visit the drawdowns tool.
Volatility
SPY vs. SPLP - Volatility Comparison
The current volatility for SPDR S&P 500 ETF (SPY) is 3.64%, while Steel Partners Holdings L.P. (SPLP) has a volatility of 13.46%. This indicates that SPY experiences smaller price fluctuations and is considered to be less risky than SPLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.