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.
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.
Performance
TAP-A vs. SPY - Performance Comparison
Key characteristics
TAP-A:
-0.29
SPY:
1.72
TAP-A:
-0.20
SPY:
2.33
TAP-A:
0.95
SPY:
1.32
TAP-A:
-0.21
SPY:
2.61
TAP-A:
-0.77
SPY:
10.82
TAP-A:
11.51%
SPY:
2.03%
TAP-A:
30.34%
SPY:
12.75%
TAP-A:
-58.32%
SPY:
-55.19%
TAP-A:
-41.30%
SPY:
-1.05%
Returns By Period
In the year-to-date period, TAP-A achieves a -5.69% return, which is significantly lower than SPY's 2.95% return. Over the past 10 years, TAP-A has underperformed SPY with an annualized return of -1.68%, while SPY has yielded a comparatively higher 13.13% annualized return.
TAP-A
-5.69%
-1.82%
-5.45%
-8.84%
-2.50%
-1.68%
SPY
2.95%
3.78%
11.68%
23.68%
14.09%
13.13%
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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.
Dividends
TAP-A vs. SPY - Dividend Comparison
TAP-A's dividend yield for the trailing twelve months is around 3.26%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAP-A Molson Coors Beverage Company | 3.26% | 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 | 1.17% | 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. For additional features, visit the drawdowns tool.
Volatility
TAP-A vs. SPY - Volatility Comparison
Molson Coors Beverage Company (TAP-A) has a higher volatility of 15.01% compared to SPDR S&P 500 ETF (SPY) at 3.45%. 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.