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TRIN vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TRIN 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.


-0.50.00.51.00.4

Performance

TRIN vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trinity Capital Inc. (TRIN) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
2.69%
7.85%
TRIN
SPY

Key characteristics

Sharpe Ratio

TRIN:

0.46

SPY:

2.03

Sortino Ratio

TRIN:

0.75

SPY:

2.71

Omega Ratio

TRIN:

1.09

SPY:

1.38

Calmar Ratio

TRIN:

0.87

SPY:

3.02

Martin Ratio

TRIN:

2.08

SPY:

13.49

Ulcer Index

TRIN:

3.66%

SPY:

1.88%

Daily Std Dev

TRIN:

16.55%

SPY:

12.48%

Max Drawdown

TRIN:

-43.12%

SPY:

-55.19%

Current Drawdown

TRIN:

-2.52%

SPY:

-3.54%

Returns By Period

In the year-to-date period, TRIN achieves a 9.58% return, which is significantly lower than SPY's 24.51% return.


TRIN

YTD

9.58%

1M

-0.07%

6M

3.38%

1Y

6.90%

5Y*

N/A

10Y*

N/A

SPY

YTD

24.51%

1M

-0.32%

6M

7.56%

1Y

24.63%

5Y*

14.51%

10Y*

12.94%

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Risk-Adjusted Performance

TRIN vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Trinity Capital Inc. (TRIN) 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.


Sharpe ratio
The chart of Sharpe ratio for TRIN, currently valued at 0.46, compared to the broader market-4.00-2.000.002.000.462.03
The chart of Sortino ratio for TRIN, currently valued at 0.75, compared to the broader market-4.00-2.000.002.004.000.752.71
The chart of Omega ratio for TRIN, currently valued at 1.09, compared to the broader market0.501.001.502.001.091.38
The chart of Calmar ratio for TRIN, currently valued at 0.87, compared to the broader market0.002.004.006.000.873.02
The chart of Martin ratio for TRIN, currently valued at 2.08, compared to the broader market0.0010.0020.002.0813.49
TRIN
SPY

The current TRIN Sharpe Ratio is 0.46, which is lower than the SPY Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of TRIN and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.46
2.03
TRIN
SPY

Dividends

TRIN vs. SPY - Dividend Comparison

TRIN's dividend yield for the trailing twelve months is around 14.20%, more than SPY's 0.87% yield.


TTM20232022202120202019201820172016201520142013
TRIN
Trinity Capital Inc.
14.20%14.04%21.32%7.17%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
0.87%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

TRIN vs. SPY - Drawdown Comparison

The maximum TRIN drawdown since its inception was -43.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TRIN and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.52%
-3.54%
TRIN
SPY

Volatility

TRIN vs. SPY - Volatility Comparison

Trinity Capital Inc. (TRIN) and SPDR S&P 500 ETF (SPY) have volatilities of 3.66% and 3.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
3.66%
3.64%
TRIN
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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