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SPY vs. SPLP
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 500 ETF (SPY) and Steel Partners Holdings L.P. (SPLP). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

SPY:

0.69

SPLP:

-0.01

Sortino Ratio

SPY:

1.17

SPLP:

0.31

Omega Ratio

SPY:

1.18

SPLP:

1.05

Calmar Ratio

SPY:

0.80

SPLP:

-0.02

Martin Ratio

SPY:

3.08

SPLP:

-0.07

Ulcer Index

SPY:

4.88%

SPLP:

9.32%

Daily Std Dev

SPY:

20.26%

SPLP:

47.14%

Max Drawdown

SPY:

-55.19%

SPLP:

-78.35%

Current Drawdown

SPY:

-2.76%

SPLP:

-19.72%

Returns By Period

In the year-to-date period, SPY achieves a 1.69% return, which is significantly higher than SPLP's -9.54% return. Over the past 10 years, SPY has outperformed SPLP with an annualized return of 12.78%, while SPLP has yielded a comparatively lower 8.20% annualized return.


SPY

YTD

1.69%

1M

12.88%

6M

2.09%

1Y

13.66%

5Y*

16.78%

10Y*

12.78%

SPLP

YTD

-9.54%

1M

14.48%

6M

-5.01%

1Y

-2.28%

5Y*

53.69%

10Y*

8.20%

*Annualized

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Risk-Adjusted Performance

SPY vs. SPLP — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPY
The Risk-Adjusted Performance Rank of SPY is 7070
Overall Rank
The Sharpe Ratio Rank of SPY is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6868
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 7272
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7272
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 7171
Martin Ratio Rank

SPLP
The Risk-Adjusted Performance Rank of SPLP is 4848
Overall Rank
The Sharpe Ratio Rank of SPLP is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of SPLP is 4545
Sortino Ratio Rank
The Omega Ratio Rank of SPLP is 4848
Omega Ratio Rank
The Calmar Ratio Rank of SPLP is 4949
Calmar Ratio Rank
The Martin Ratio Rank of SPLP is 4949
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current SPY Sharpe Ratio is 0.69, which is higher than the SPLP Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of SPY and SPLP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

SPY vs. SPLP - Dividend Comparison

SPY's dividend yield for the trailing twelve months is around 1.21%, while SPLP has not paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
SPY
SPDR S&P 500 ETF
1.21%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.


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Volatility

SPY vs. SPLP - Volatility Comparison

The current volatility for SPDR S&P 500 ETF (SPY) is 5.51%, while Steel Partners Holdings L.P. (SPLP) has a volatility of 8.82%. 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.


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