SPYX vs. COIN
Compare and contrast key facts about SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and Coinbase Global, Inc. (COIN).
SPYX is a passively managed fund by State Street that tracks the performance of the S&P 500 Fossil Fuel Free Index. It was launched on Nov 30, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYX or COIN.
Key characteristics
| SPYX | COIN | |
|---|---|---|
| YTD Return | 27.50% | 55.67% |
| 1Y Return | 40.20% | 191.56% |
| 3Y Return (Ann) | 9.81% | -8.86% |
| Sharpe Ratio | 3.11 | 2.49 |
| Sortino Ratio | 4.16 | 3.01 |
| Omega Ratio | 1.58 | 1.34 |
| Calmar Ratio | 4.62 | 2.78 |
| Martin Ratio | 20.83 | 8.97 |
| Ulcer Index | 1.87% | 23.03% |
| Daily Std Dev | 12.54% | 83.10% |
| Max Drawdown | -32.84% | -90.90% |
| Current Drawdown | 0.00% | -24.25% |
Correlation
The correlation between SPYX and COIN is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPYX vs. COIN - Performance Comparison
In the year-to-date period, SPYX achieves a 27.50% return, which is significantly lower than COIN's 55.67% 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
SPYX vs. COIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and Coinbase Global, Inc. (COIN). 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
SPYX vs. COIN - Dividend Comparison
SPYX's dividend yield for the trailing twelve months is around 1.01%, while COIN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | 1.01% | 1.21% | 1.41% | 1.04% | 1.33% | 1.56% | 1.92% | 1.68% | 1.91% | 0.49% |
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPYX vs. COIN - Drawdown Comparison
The maximum SPYX drawdown since its inception was -32.84%, smaller than the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for SPYX and COIN. For additional features, visit the drawdowns tool.
Volatility
SPYX vs. COIN - Volatility Comparison
The current volatility for SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is 4.10%, while Coinbase Global, Inc. (COIN) has a volatility of 37.61%. This indicates that SPYX experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.