SPTE vs. AIG
Compare and contrast key facts about SP Funds S&P Global Technology ETF (SPTE) and American International Group, Inc. (AIG).
SPTE is a passively managed fund by SP Funds that tracks the performance of the S&P Global 1200 Shariah Information Technology Capped Index - Benchmark TR Gross. It was launched on Nov 30, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPTE or AIG.
Key characteristics
| SPTE | AIG | |
|---|---|---|
| YTD Return | 27.53% | 14.44% |
| Daily Std Dev | 25.00% | 19.83% |
| Max Drawdown | -18.15% | -99.64% |
| Current Drawdown | -6.58% | -93.93% |
Correlation
The correlation between SPTE and AIG is 0.19, 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
SPTE vs. AIG - Performance Comparison
In the year-to-date period, SPTE achieves a 27.53% return, which is significantly higher than AIG's 14.44% 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
SPTE vs. AIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) and American International Group, Inc. (AIG). 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.
Not enough dataDividends
SPTE vs. AIG - Dividend Comparison
SPTE's dividend yield for the trailing twelve months is around 0.22%, less than AIG's 1.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTE SP Funds S&P Global Technology ETF | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIG American International Group, Inc. | 1.99% | 2.07% | 2.02% | 2.25% | 3.38% | 2.49% | 3.25% | 2.15% | 1.96% | 1.31% | 0.89% | 0.39% |
Drawdowns
SPTE vs. AIG - Drawdown Comparison
The maximum SPTE drawdown since its inception was -18.15%, smaller than the maximum AIG drawdown of -99.64%. Use the drawdown chart below to compare losses from any high point for SPTE and AIG. For additional features, visit the drawdowns tool.
Volatility
SPTE vs. AIG - Volatility Comparison
SP Funds S&P Global Technology ETF (SPTE) and American International Group, Inc. (AIG) have volatilities of 5.95% and 5.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.