Correlation
The correlation between UOVEY and SPY is 0.42, 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.
UOVEY vs. SPY
Compare and contrast key facts about United Overseas Bank Ltd ADR (UOVEY) 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: UOVEY or SPY.
Performance
UOVEY vs. SPY - Performance Comparison
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Key characteristics
UOVEY:
1.60
SPY:
0.57
UOVEY:
2.10
SPY:
0.87
UOVEY:
1.33
SPY:
1.13
UOVEY:
1.62
SPY:
0.55
UOVEY:
7.53
SPY:
2.11
UOVEY:
4.13%
SPY:
4.91%
UOVEY:
19.35%
SPY:
20.35%
UOVEY:
-65.98%
SPY:
-55.19%
UOVEY:
-2.01%
SPY:
-5.23%
Returns By Period
In the year-to-date period, UOVEY achieves a 6.94% return, which is significantly higher than SPY's -0.89% return. Over the past 10 years, UOVEY has underperformed SPY with an annualized return of 9.70%, while SPY has yielded a comparatively higher 12.57% annualized return.
UOVEY
6.94%
3.49%
5.61%
29.81%
15.36%
21.79%
9.70%
SPY
-0.89%
5.93%
-2.13%
10.77%
15.38%
16.09%
12.57%
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Risk-Adjusted Performance
UOVEY vs. SPY — Risk-Adjusted Performance Rank
UOVEY
SPY
UOVEY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United Overseas Bank Ltd ADR (UOVEY) 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.
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Dividends
UOVEY vs. SPY - Dividend Comparison
UOVEY's dividend yield for the trailing twelve months is around 5.54%, more than SPY's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UOVEY United Overseas Bank Ltd ADR | 5.54% | 4.85% | 5.58% | 3.83% | 3.68% | 4.77% | 4.64% | 4.76% | 2.55% | 5.48% | 5.84% | 3.24% |
SPY SPDR S&P 500 ETF | 1.24% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
UOVEY vs. SPY - Drawdown Comparison
The maximum UOVEY drawdown since its inception was -65.98%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UOVEY and SPY.
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Volatility
UOVEY vs. SPY - Volatility Comparison
United Overseas Bank Ltd ADR (UOVEY) and SPDR S&P 500 ETF (SPY) have volatilities of 4.35% and 4.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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