USDC-USD vs. SPY
Compare and contrast key facts about USDCoin (USDC-USD) 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: USDC-USD or SPY.
Correlation
The correlation between USDC-USD and SPY is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
USDC-USD vs. SPY - Performance Comparison
Key characteristics
USDC-USD:
-0.13
SPY:
1.46
USDC-USD:
-0.18
SPY:
1.99
USDC-USD:
0.98
SPY:
1.27
USDC-USD:
0.00
SPY:
2.23
USDC-USD:
-0.68
SPY:
9.00
USDC-USD:
0.05%
SPY:
2.08%
USDC-USD:
0.21%
SPY:
12.83%
USDC-USD:
-19.18%
SPY:
-55.19%
USDC-USD:
-3.43%
SPY:
-3.06%
Returns By Period
In the year-to-date period, USDC-USD achieves a -0.02% return, which is significantly lower than SPY's 1.38% return.
USDC-USD
-0.02%
-0.02%
-0.02%
-0.02%
-0.04%
N/A
SPY
1.38%
-1.79%
6.09%
17.34%
15.76%
12.94%
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Risk-Adjusted Performance
USDC-USD vs. SPY — Risk-Adjusted Performance Rank
USDC-USD
SPY
USDC-USD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USDCoin (USDC-USD) 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.
Drawdowns
USDC-USD vs. SPY - Drawdown Comparison
The maximum USDC-USD drawdown since its inception was -19.18%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USDC-USD and SPY. For additional features, visit the drawdowns tool.
Volatility
USDC-USD vs. SPY - Volatility Comparison
The current volatility for USDCoin (USDC-USD) is 0.05%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.61%. This indicates that USDC-USD 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.