UNTY vs. SPY
Compare and contrast key facts about Unity Bancorp, Inc. (UNTY) 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: UNTY or SPY.
Correlation
The correlation between UNTY and SPY is 0.14, 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
UNTY vs. SPY - Performance Comparison
Key characteristics
UNTY:
1.42
SPY:
0.51
UNTY:
2.23
SPY:
0.86
UNTY:
1.27
SPY:
1.13
UNTY:
2.22
SPY:
0.55
UNTY:
5.90
SPY:
2.26
UNTY:
8.87%
SPY:
4.55%
UNTY:
36.96%
SPY:
20.08%
UNTY:
-88.07%
SPY:
-55.19%
UNTY:
-18.19%
SPY:
-9.89%
Returns By Period
In the year-to-date period, UNTY achieves a -4.61% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, UNTY has outperformed SPY with an annualized return of 19.18%, while SPY has yielded a comparatively lower 12.16% annualized return.
UNTY
-4.61%
0.41%
8.72%
52.38%
25.39%
19.18%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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Risk-Adjusted Performance
UNTY vs. SPY — Risk-Adjusted Performance Rank
UNTY
SPY
UNTY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Unity Bancorp, Inc. (UNTY) 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
UNTY vs. SPY - Dividend Comparison
UNTY's dividend yield for the trailing twelve months is around 1.28%, less than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UNTY Unity Bancorp, Inc. | 1.28% | 1.19% | 1.62% | 1.57% | 1.37% | 1.82% | 1.37% | 1.30% | 1.16% | 1.07% | 1.12% | 1.06% |
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
UNTY vs. SPY - Drawdown Comparison
The maximum UNTY drawdown since its inception was -88.07%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UNTY and SPY. For additional features, visit the drawdowns tool.
Volatility
UNTY vs. SPY - Volatility Comparison
The current volatility for Unity Bancorp, Inc. (UNTY) is 10.67%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that UNTY 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.