TYL vs. SPY
Compare and contrast key facts about Tyler Technologies, Inc. (TYL) 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: TYL or SPY.
Correlation
The correlation between TYL and SPY is 0.40, 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
TYL vs. SPY - Performance Comparison
Key characteristics
TYL:
0.93
SPY:
0.51
TYL:
1.61
SPY:
0.86
TYL:
1.20
SPY:
1.13
TYL:
1.05
SPY:
0.55
TYL:
4.27
SPY:
2.26
TYL:
5.94%
SPY:
4.55%
TYL:
27.44%
SPY:
20.08%
TYL:
-90.10%
SPY:
-55.19%
TYL:
-18.88%
SPY:
-9.89%
Returns By Period
In the year-to-date period, TYL achieves a -9.02% return, which is significantly lower than SPY's -5.76% return. Over the past 10 years, TYL has outperformed SPY with an annualized return of 15.76%, while SPY has yielded a comparatively lower 12.16% annualized return.
TYL
-9.02%
-9.49%
-13.41%
13.87%
11.00%
15.76%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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Risk-Adjusted Performance
TYL vs. SPY — Risk-Adjusted Performance Rank
TYL
SPY
TYL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tyler Technologies, Inc. (TYL) 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
TYL vs. SPY - Dividend Comparison
TYL has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.30%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
TYL Tyler Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
TYL vs. SPY - Drawdown Comparison
The maximum TYL drawdown since its inception was -90.10%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TYL and SPY. For additional features, visit the drawdowns tool.
Volatility
TYL vs. SPY - Volatility Comparison
The current volatility for Tyler Technologies, Inc. (TYL) is 13.51%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that TYL 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.