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 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
TYL vs. SPY - Performance Comparison
Key characteristics
TYL:
1.67
SPY:
1.88
TYL:
2.74
SPY:
2.52
TYL:
1.33
SPY:
1.34
TYL:
1.42
SPY:
2.88
TYL:
9.87
SPY:
11.98
TYL:
3.98%
SPY:
2.02%
TYL:
23.40%
SPY:
12.78%
TYL:
-90.10%
SPY:
-55.19%
TYL:
-5.36%
SPY:
-1.30%
Returns By Period
In the year-to-date period, TYL achieves a 4.34% return, which is significantly higher than SPY's 2.69% return. Over the past 10 years, TYL has outperformed SPY with an annualized return of 18.16%, while SPY has yielded a comparatively lower 13.31% annualized return.
TYL
4.34%
2.99%
4.49%
39.64%
12.31%
18.16%
SPY
2.69%
1.67%
13.66%
23.30%
14.62%
13.31%
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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 1.17%.
| 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 | 1.17% | 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
Tyler Technologies, Inc. (TYL) has a higher volatility of 7.27% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that TYL'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.