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 0.13, 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:
1.30
SPY:
-0.09
UNTY:
2.10
SPY:
-0.02
UNTY:
1.25
SPY:
1.00
UNTY:
2.00
SPY:
-0.09
UNTY:
6.23
SPY:
-0.45
UNTY:
7.58%
SPY:
3.31%
UNTY:
36.32%
SPY:
15.87%
UNTY:
-88.07%
SPY:
-55.19%
UNTY:
-23.58%
SPY:
-17.32%
Returns By Period
In the year-to-date period, UNTY achieves a -10.89% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, UNTY has outperformed SPY with an annualized return of 18.47%, while SPY has yielded a comparatively lower 11.17% annualized return.
UNTY
-10.89%
-9.23%
18.70%
47.36%
33.88%
18.47%
SPY
-13.53%
-12.00%
-11.25%
-1.30%
15.50%
11.17%
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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 1.37%, less than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UNTY Unity Bancorp, Inc. | 1.37% | 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 | 1.42% | 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
Unity Bancorp, Inc. (UNTY) has a higher volatility of 10.47% compared to SPDR S&P 500 ETF (SPY) at 9.29%. This indicates that UNTY'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.