Correlation
The correlation between UTMD and SPY is 0.22, 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.
UTMD vs. SPY
Compare and contrast key facts about Utah Medical Products, Inc. (UTMD) 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: UTMD or SPY.
Performance
UTMD vs. SPY - Performance Comparison
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Key characteristics
UTMD:
-0.87
SPY:
0.70
UTMD:
-1.42
SPY:
1.02
UTMD:
0.83
SPY:
1.15
UTMD:
-0.33
SPY:
0.68
UTMD:
-1.09
SPY:
2.57
UTMD:
16.89%
SPY:
4.93%
UTMD:
18.83%
SPY:
20.42%
UTMD:
-55.58%
SPY:
-55.19%
UTMD:
-52.72%
SPY:
-3.55%
Returns By Period
In the year-to-date period, UTMD achieves a -9.91% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, UTMD has underperformed SPY with an annualized return of 1.74%, while SPY has yielded a comparatively higher 12.73% annualized return.
UTMD
-9.91%
5.52%
-14.72%
-17.79%
-12.50%
-9.59%
1.74%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
UTMD vs. SPY — Risk-Adjusted Performance Rank
UTMD
SPY
UTMD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Utah Medical Products, Inc. (UTMD) 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
UTMD vs. SPY - Dividend Comparison
UTMD's dividend yield for the trailing twelve months is around 2.20%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTMD Utah Medical Products, Inc. | 2.20% | 1.96% | 1.41% | 1.16% | 2.86% | 1.33% | 1.02% | 1.31% | 1.31% | 1.44% | 1.75% | 1.67% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
UTMD vs. SPY - Drawdown Comparison
The maximum UTMD drawdown since its inception was -55.58%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UTMD and SPY.
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Volatility
UTMD vs. SPY - Volatility Comparison
Utah Medical Products, Inc. (UTMD) and SPDR S&P 500 ETF (SPY) have volatilities of 4.67% and 4.86%, 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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