UNIT vs. SPY
Compare and contrast key facts about Uniti Group Inc. (UNIT) 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: UNIT or SPY.
Key characteristics
| UNIT | SPY | |
|---|---|---|
| YTD Return | 1.82% | 26.01% |
| 1Y Return | 13.38% | 33.73% |
| 3Y Return (Ann) | -19.65% | 9.91% |
| 5Y Return (Ann) | 3.03% | 15.54% |
| Sharpe Ratio | 0.24 | 2.82 |
| Sortino Ratio | 0.75 | 3.76 |
| Omega Ratio | 1.11 | 1.53 |
| Calmar Ratio | 0.17 | 4.05 |
| Martin Ratio | 0.56 | 18.33 |
| Ulcer Index | 26.03% | 1.86% |
| Daily Std Dev | 61.44% | 12.07% |
| Max Drawdown | -83.50% | -55.19% |
| Current Drawdown | -64.17% | -0.90% |
Correlation
The correlation between UNIT and SPY is 0.44, 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
UNIT vs. SPY - Performance Comparison
In the year-to-date period, UNIT achieves a 1.82% return, which is significantly lower than SPY's 26.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
UNIT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Uniti Group Inc. (UNIT) 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
UNIT vs. SPY - Dividend Comparison
UNIT's dividend yield for the trailing twelve months is around 8.24%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UNIT Uniti Group Inc. | 8.24% | 10.38% | 10.85% | 4.28% | 5.12% | 4.51% | 15.41% | 13.49% | 11.81% | 8.79% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
UNIT vs. SPY - Drawdown Comparison
The maximum UNIT drawdown since its inception was -83.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UNIT and SPY. For additional features, visit the drawdowns tool.
Volatility
UNIT vs. SPY - Volatility Comparison
Uniti Group Inc. (UNIT) has a higher volatility of 16.17% compared to SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that UNIT'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.