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SPXC vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPXC vs. SPY

Last updated Jun 23, 2026

SPXC (SPX Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SPXC returned 32.46%/yr vs 15.70%/yr for SPY. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

SPXC vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPX Corporation (SPXC) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPXC achieves a 23.17% return, which is significantly higher than SPY's 9.74% return. Over the past 10 years, SPXC has outperformed SPY with an annualized return of 32.46%, while SPY has yielded a comparatively lower 15.70% annualized return.

SPXC

1D
1.42%
1M
18.58%
YTD
23.17%
6M
18.94%
1Y
59.57%
3Y*
44.38%
5Y*
33.09%
10Y*
32.46%

SPY

1D
-0.31%
1M
0.09%
YTD
9.74%
6M
9.27%
1Y
26.65%
3Y*
21.27%
5Y*
13.51%
10Y*
15.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPXC vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPXC
SPX Corporation		23.17%37.48%44.06%53.86%10.00%9.42%7.19%81.65%-10.77%32.34%
SPY
State Street SPDR S&P 500 ETF		9.74%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Correlation

The correlation between SPXC and SPY is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

Correlation (5Y)
Calculated over the trailing 5-year period

0.60

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Jan 29, 1993

0.51

The correlation between SPXC and SPY has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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SPX Corporation

State Street SPDR S&P 500 ETF

Often compared with SPXC:
SPXC vs. SPXTSPXC vs. SPXLSPXC vs. XBISPXC vs. VUAA.LSPXC vs. UPROSPXC vs. VSP.TOSPXC vs. BMI
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

SPXC vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPXC
SPXC Risk / Return Rank: 8181
Overall Rank
SPXC Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
SPXC Sortino Ratio Rank: 8181
Sortino Ratio Rank
SPXC Omega Ratio Rank: 7979
Omega Ratio Rank
SPXC Calmar Ratio Rank: 8181
Calmar Ratio Rank
SPXC Martin Ratio Rank: 8181
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 6868
Overall Rank
SPY Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6666
Sortino Ratio Rank
SPY Omega Ratio Rank: 6868
Omega Ratio Rank
SPY Calmar Ratio Rank: 6363
Calmar Ratio Rank
SPY Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPXC vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPX Corporation (SPXC) and State Street SPDR S&P 500 ETF (SPY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SPXCSPYDifference
Sharpe ratioReturn per unit of total volatility
1.63
2.16

-0.53

Sortino ratioReturn per unit of downside risk
2.33
2.91

-0.58

Omega ratioGain probability vs. loss probability

1.29

1.39

-0.11

Calmar ratioReturn relative to maximum drawdown

2.59

3.01

-0.43

Martin ratioReturn relative to average drawdown

6.61

13.54

-6.92

SPXC vs. SPY - Sharpe Ratio Comparison

The current SPXC Sharpe Ratio is 1.63, which is comparable to the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of SPXC and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SPXC vs. SPY - Drawdown Comparison

The maximum SPXC drawdown since its inception was -81.12%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPXC and SPY.

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Drawdown Indicators

SPXCSPYDifference

Max Drawdown

Largest peak-to-trough decline

-81.12%

-55.19%

-25.93%

Max Drawdown (1Y)

Largest decline over 1 year

-23.15%

-8.88%

-14.27%

Max Drawdown (3Y)

Largest decline over 3 years

-33.54%

-18.76%

-14.78%

Max Drawdown (5Y)

Largest decline over 5 years

-38.32%

-24.50%

-13.82%

Max Drawdown (10Y)

Largest decline over 10 years

-50.26%

-33.72%

-16.54%

Current Drawdown

Current decline from peak

0.00%

-1.75%

+1.75%

Average Drawdown

Average peak-to-trough decline

-29.00%

-9.04%

-19.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.04%

1.97%

+7.07%

Volatility

SPXC vs. SPY - Volatility Comparison

SPX Corporation (SPXC) has a higher volatility of 10.46% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that SPXC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPXCSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.46%

4.64%

+5.82%

Volatility (6M)

Calculated over the trailing 6-month period

27.71%

9.75%

+17.96%

Volatility (1Y)

Calculated over the trailing 1-year period

36.91%

12.43%

+24.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.18%

17.14%

+18.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.46%

17.99%

+19.47%

Dividends

SPXC vs. SPY - Dividend Comparison

SPXC has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.01%.

PositionTTM20252024202320222021202020192018201720162015
SPXC
SPX Corporation		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%386.22%
SPY
State Street SPDR S&P 500 ETF		1.01%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

SPXC and SPY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPXC has higher volatility (10.46%) compared to SPY (4.64%). In terms of maximum drawdown, SPXC dropped -81.12% vs SPY's -55.19%.

SPY currently has the higher Sharpe Ratio (2.16 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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