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:
1.95
SPLP:
0.14
SPY:
2.60
SPLP:
0.48
SPY:
1.36
SPLP:
1.08
SPY:
2.98
SPLP:
0.22
SPY:
12.44
SPLP:
1.04
SPY:
2.02%
SPLP:
5.65%
SPY:
12.89%
SPLP:
41.11%
SPY:
-55.19%
SPLP:
-78.35%
SPY:
-1.70%
SPLP:
-17.89%
Returns By Period
In the year-to-date period, SPY achieves a 2.27% return, which is significantly higher than SPLP's -7.47% return. Over the past 10 years, SPY has outperformed SPLP with an annualized return of 13.64%, while SPLP has yielded a comparatively lower 8.80% annualized return.
SPY
2.27%
0.73%
10.73%
24.55%
14.69%
13.64%
SPLP
-7.47%
-6.79%
3.63%
4.68%
27.66%
8.80%
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Risk-Adjusted Performance
SPY vs. SPLP — Risk-Adjusted Performance Rank
SPY
SPLP
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 1.18%, while SPLP has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
SPLP Steel Partners Holdings L.P. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 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 4.26%, while Steel Partners Holdings L.P. (SPLP) has a volatility of 21.14%. 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.