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 0.35, 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
Key characteristics
TAP:
-0.27
SPY:
-0.09
TAP:
-0.21
SPY:
-0.02
TAP:
0.97
SPY:
1.00
TAP:
-0.16
SPY:
-0.09
TAP:
-0.45
SPY:
-0.45
TAP:
16.31%
SPY:
3.31%
TAP:
27.05%
SPY:
15.87%
TAP:
-67.73%
SPY:
-55.19%
TAP:
-32.54%
SPY:
-17.32%
Returns By Period
In the year-to-date period, TAP achieves a 7.50% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, TAP has underperformed SPY with an annualized return of -0.13%, while SPY has yielded a comparatively higher 11.25% annualized return.
TAP
7.50%
3.12%
10.69%
-6.35%
10.75%
-0.13%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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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.
Dividends
TAP vs. SPY - Dividend Comparison
TAP's dividend yield for the trailing twelve months is around 2.93%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAP Molson Coors Brewing Company | 2.93% | 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 | 1.42% | 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.
Volatility
TAP vs. SPY - Volatility Comparison
The current volatility for Molson Coors Brewing Company (TAP) is 8.16%, while SPDR S&P 500 ETF (SPY) has a volatility of 9.29%. This indicates that TAP experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.