VEL vs. SPY
Compare and contrast key facts about Velocity Financial, Inc. (VEL) 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: VEL or SPY.
Correlation
The correlation between VEL and SPY is 0.29, 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
VEL vs. SPY - Performance Comparison
Key characteristics
VEL:
0.73
SPY:
1.88
VEL:
1.16
SPY:
2.53
VEL:
1.15
SPY:
1.35
VEL:
1.19
SPY:
2.83
VEL:
2.94
SPY:
11.74
VEL:
5.32%
SPY:
2.02%
VEL:
21.42%
SPY:
12.64%
VEL:
-83.13%
SPY:
-55.19%
VEL:
-11.22%
SPY:
-0.42%
Returns By Period
In the year-to-date period, VEL achieves a -5.78% return, which is significantly lower than SPY's 4.15% return.
VEL
-5.78%
-2.07%
1.54%
17.69%
5.09%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
VEL vs. SPY — Risk-Adjusted Performance Rank
VEL
SPY
VEL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Velocity Financial, Inc. (VEL) 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
VEL vs. SPY - Dividend Comparison
VEL has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEL Velocity Financial, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VEL vs. SPY - Drawdown Comparison
The maximum VEL drawdown since its inception was -83.13%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VEL and SPY. For additional features, visit the drawdowns tool.
Volatility
VEL vs. SPY - Volatility Comparison
Velocity Financial, Inc. (VEL) has a higher volatility of 3.75% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that VEL'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.