Correlation
The correlation between TAP-A and SPY is 0.17, 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.
TAP-A vs. SPY
Compare and contrast key facts about Molson Coors Beverage Company (TAP-A) and SPDR S&P 500 ETF (SPY).
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: TAP-A or SPY.
Performance
TAP-A vs. SPY - Performance Comparison
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Key characteristics
TAP-A:
-0.27
SPY:
0.67
TAP-A:
-0.17
SPY:
1.03
TAP-A:
0.96
SPY:
1.15
TAP-A:
-0.21
SPY:
0.69
TAP-A:
-1.25
SPY:
2.61
TAP-A:
7.09%
SPY:
4.92%
TAP-A:
32.37%
SPY:
20.44%
TAP-A:
-58.32%
SPY:
-55.19%
TAP-A:
-41.47%
SPY:
-3.44%
Returns By Period
In the year-to-date period, TAP-A achieves a -5.97% return, which is significantly lower than SPY's 0.98% return. Over the past 10 years, TAP-A has underperformed SPY with an annualized return of -2.11%, while SPY has yielded a comparatively higher 12.73% annualized return.
TAP-A
-5.97%
-9.82%
-9.60%
-8.78%
-0.33%
-0.10%
-2.11%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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Risk-Adjusted Performance
TAP-A vs. SPY — Risk-Adjusted Performance Rank
TAP-A
SPY
TAP-A vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Molson Coors Beverage Company (TAP-A) and 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.
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Dividends
TAP-A vs. SPY - Dividend Comparison
TAP-A's dividend yield for the trailing twelve months is around 3.35%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAP-A Molson Coors Beverage Company | 3.35% | 3.07% | 2.53% | 1.97% | 1.17% | 0.91% | 3.00% | 2.65% | 1.95% | 1.67% | 1.75% | 1.46% |
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% |
Drawdowns
TAP-A vs. SPY - Drawdown Comparison
The maximum TAP-A drawdown since its inception was -58.32%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TAP-A and SPY.
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Volatility
TAP-A vs. SPY - Volatility Comparison
Molson Coors Beverage Company (TAP-A) has a higher volatility of 5.82% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that TAP-A'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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