TAP vs. SPY
Compare and contrast key facts about Molson Coors Brewing Company (TAP) 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 or SPY.
Correlation
The correlation between TAP and SPY is 0.36, 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 vs. SPY - Performance Comparison
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Key characteristics
TAP:
0.08
SPY:
0.64
TAP:
0.13
SPY:
1.16
TAP:
1.01
SPY:
1.17
TAP:
-0.03
SPY:
0.79
TAP:
-0.15
SPY:
3.04
TAP:
8.10%
SPY:
4.87%
TAP:
25.93%
SPY:
20.29%
TAP:
-67.73%
SPY:
-55.19%
TAP:
-37.92%
SPY:
-3.38%
Returns By Period
In the year-to-date period, TAP achieves a -1.08% return, which is significantly lower than SPY's 1.05% return. Over the past 10 years, TAP has underperformed SPY with an annualized return of -0.62%, while SPY has yielded a comparatively higher 12.69% annualized return.
TAP
-1.08%
-5.44%
-8.96%
2.01%
11.60%
-0.62%
SPY
1.05%
9.83%
0.15%
12.87%
17.33%
12.69%
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Risk-Adjusted Performance
TAP vs. SPY — Risk-Adjusted Performance Rank
TAP
SPY
TAP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Molson Coors Brewing Company (TAP) 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 vs. SPY - Dividend Comparison
TAP's dividend yield for the trailing twelve months is around 3.18%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAP Molson Coors Brewing Company | 3.18% | 3.07% | 2.68% | 2.95% | 1.47% | 1.26% | 3.64% | 2.92% | 2.00% | 1.69% | 1.75% | 1.99% |
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 vs. SPY - Drawdown Comparison
The maximum TAP drawdown since its inception was -67.73%, 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 and SPY. For additional features, visit the drawdowns tool.
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Volatility
TAP vs. SPY - Volatility Comparison
Molson Coors Brewing Company (TAP) has a higher volatility of 6.56% compared to SPDR S&P 500 ETF (SPY) at 6.19%. This indicates that TAP'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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