TGLS vs. SPY
Compare and contrast key facts about Tecnoglass Inc. (TGLS) 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: TGLS or SPY.
Correlation
The correlation between TGLS and SPY is 0.27, 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
TGLS vs. SPY - Performance Comparison
Key characteristics
TGLS:
0.63
SPY:
0.51
TGLS:
1.31
SPY:
0.86
TGLS:
1.16
SPY:
1.13
TGLS:
0.99
SPY:
0.55
TGLS:
2.66
SPY:
2.26
TGLS:
11.41%
SPY:
4.55%
TGLS:
48.51%
SPY:
20.08%
TGLS:
-81.32%
SPY:
-55.19%
TGLS:
-15.98%
SPY:
-9.89%
Returns By Period
In the year-to-date period, TGLS achieves a -8.63% return, which is significantly lower than SPY's -5.76% return. Over the past 10 years, TGLS has outperformed SPY with an annualized return of 23.29%, while SPY has yielded a comparatively lower 12.04% annualized return.
TGLS
-8.63%
0.74%
4.11%
31.21%
85.32%
23.29%
SPY
-5.76%
-2.90%
-4.30%
9.72%
15.64%
12.04%
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Risk-Adjusted Performance
TGLS vs. SPY — Risk-Adjusted Performance Rank
TGLS
SPY
TGLS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tecnoglass Inc. (TGLS) 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
TGLS vs. SPY - Dividend Comparison
TGLS's dividend yield for the trailing twelve months is around 0.72%, less than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGLS Tecnoglass Inc. | 0.72% | 0.61% | 0.79% | 0.91% | 0.57% | 1.62% | 6.79% | 5.20% | 7.21% | 2.04% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TGLS vs. SPY - Drawdown Comparison
The maximum TGLS drawdown since its inception was -81.32%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TGLS and SPY. For additional features, visit the drawdowns tool.
Volatility
TGLS vs. SPY - Volatility Comparison
Tecnoglass Inc. (TGLS) has a higher volatility of 17.70% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that TGLS'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.