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.
Key characteristics
| SPY | SPLP | |
|---|---|---|
| YTD Return | 26.83% | 0.02% |
| 1Y Return | 34.88% | 2.59% |
| 3Y Return (Ann) | 10.16% | 5.59% |
| 5Y Return (Ann) | 15.71% | 27.16% |
| 10Y Return (Ann) | 13.33% | 8.46% |
| Sharpe Ratio | 3.08 | 0.10 |
| Sortino Ratio | 4.10 | 0.41 |
| Omega Ratio | 1.58 | 1.06 |
| Calmar Ratio | 4.46 | 0.14 |
| Martin Ratio | 20.22 | 0.58 |
| Ulcer Index | 1.85% | 6.32% |
| Daily Std Dev | 12.18% | 35.00% |
| Max Drawdown | -55.19% | -78.35% |
| Current Drawdown | -0.26% | -16.58% |
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
In the year-to-date period, SPY achieves a 26.83% return, which is significantly higher than SPLP's 0.02% return. Over the past 10 years, SPY has outperformed SPLP with an annualized return of 13.33%, while SPLP has yielded a comparatively lower 8.46% 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
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 1.17%, 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 | 1.17% | 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 3.77%, while Steel Partners Holdings L.P. (SPLP) has a volatility of 18.34%. 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.