UVE vs. SPY
Compare and contrast key facts about Universal Insurance Holdings, Inc. (UVE) 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: UVE or SPY.
Correlation
The correlation between UVE and SPY is 0.21, 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
UVE vs. SPY - Performance Comparison
Key characteristics
UVE:
0.49
SPY:
1.87
UVE:
1.02
SPY:
2.52
UVE:
1.15
SPY:
1.35
UVE:
0.37
SPY:
2.81
UVE:
2.42
SPY:
11.69
UVE:
8.70%
SPY:
2.02%
UVE:
42.90%
SPY:
12.65%
UVE:
-99.92%
SPY:
-55.19%
UVE:
-48.14%
SPY:
0.00%
Returns By Period
In the year-to-date period, UVE achieves a -3.09% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, UVE has underperformed SPY with an annualized return of 2.04%, while SPY has yielded a comparatively higher 13.23% annualized return.
UVE
-3.09%
4.99%
-0.27%
20.98%
1.37%
2.04%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
UVE vs. SPY — Risk-Adjusted Performance Rank
UVE
SPY
UVE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Universal Insurance Holdings, Inc. (UVE) 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
UVE vs. SPY - Dividend Comparison
UVE's dividend yield for the trailing twelve months is around 3.14%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UVE Universal Insurance Holdings, Inc. | 3.14% | 3.04% | 4.01% | 6.04% | 3.76% | 4.24% | 2.29% | 1.93% | 2.52% | 2.43% | 2.72% | 2.69% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
UVE vs. SPY - Drawdown Comparison
The maximum UVE drawdown since its inception was -99.92%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UVE and SPY. For additional features, visit the drawdowns tool.
Volatility
UVE vs. SPY - Volatility Comparison
Universal Insurance Holdings, Inc. (UVE) has a higher volatility of 4.63% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that UVE'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.