TXT vs. SPY
Compare and contrast key facts about Textron Inc. (TXT) 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: TXT or SPY.
Correlation
The correlation between TXT and SPY is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TXT vs. SPY - Performance Comparison
Key characteristics
TXT:
-1.09
SPY:
0.37
TXT:
-1.45
SPY:
0.68
TXT:
0.80
SPY:
1.10
TXT:
-0.83
SPY:
0.38
TXT:
-2.04
SPY:
1.90
TXT:
15.21%
SPY:
3.74%
TXT:
28.59%
SPY:
19.03%
TXT:
-94.72%
SPY:
-55.19%
TXT:
-31.07%
SPY:
-10.22%
Returns By Period
In the year-to-date period, TXT achieves a -12.67% return, which is significantly lower than SPY's -6.11% return. Over the past 10 years, TXT has underperformed SPY with an annualized return of 3.93%, while SPY has yielded a comparatively higher 12.02% annualized return.
TXT
-12.67%
-11.45%
-22.61%
-30.59%
18.01%
3.93%
SPY
-6.11%
-1.84%
-4.33%
6.99%
16.28%
12.02%
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Risk-Adjusted Performance
TXT vs. SPY — Risk-Adjusted Performance Rank
TXT
SPY
TXT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Textron Inc. (TXT) 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
TXT vs. SPY - Dividend Comparison
TXT's dividend yield for the trailing twelve months is around 0.12%, less than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TXT Textron Inc. | 0.12% | 0.10% | 0.10% | 0.11% | 0.10% | 0.17% | 0.18% | 0.17% | 0.14% | 0.16% | 0.19% | 0.19% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TXT vs. SPY - Drawdown Comparison
The maximum TXT drawdown since its inception was -94.72%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TXT and SPY. For additional features, visit the drawdowns tool.
Volatility
TXT vs. SPY - Volatility Comparison
Textron Inc. (TXT) has a higher volatility of 16.64% compared to SPDR S&P 500 ETF (SPY) at 13.87%. This indicates that TXT'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.
User Portfolios with TXT or SPY
Recent discussions
Dividend Paying Stock Portfolio
4803heights
Discrepancy between SPY and ^GSPC?
Hello, from the charts, SPY seems to be outperforming its benchmark ^GSPC. That looks strange. From my understanding, SPY is designed to closely track the S&P 500.
Could there be an error in the charts?
Hedge Cat
How is Sharpe ratio calculated?
The highest sharpe ratio portfolioi in User portfolios holds only ultrashort treasuries and show a sharpe ratio of 7+. But my understanding is the Sharpe ratio is the return less the risk-free rate divided by the standard deviation of returns. But short-term treasuries ARE the risk free rate, so the Sharpe ratio should be zero since the risk free rate minus the risk free rate is zero. So are you simply ignoring the risk-free rate and dividing returns by the standard deviation???
Addendum:
Just input my portfolio and asked that your site optimize it for Sharpe ratio. I have ready cash in USFR, and ETF that holds US floating rate notes exclusively. The optimization recommended I put over 99% in USFR. However, the interest rate on floating rate notes is based on the three month treasury, so again, USFR has a Sharpe ratio of zero! Please correct this!
Bob Peticolas