Correlation
The correlation between VEL and SPY is 0.30, 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.
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.
Performance
VEL vs. SPY - Performance Comparison
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Key characteristics
VEL:
-0.38
SPY:
0.70
VEL:
-0.51
SPY:
1.02
VEL:
0.94
SPY:
1.15
VEL:
-0.41
SPY:
0.68
VEL:
-0.99
SPY:
2.57
VEL:
8.87%
SPY:
4.93%
VEL:
19.66%
SPY:
20.42%
VEL:
-83.13%
SPY:
-55.19%
VEL:
-19.32%
SPY:
-3.55%
Returns By Period
In the year-to-date period, VEL achieves a -14.37% return, which is significantly lower than SPY's 0.87% return.
VEL
-14.37%
-6.27%
-18.13%
-7.30%
15.22%
33.91%
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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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.
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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 1.22%.
| 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 | 1.22% | 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.
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Volatility
VEL vs. SPY - Volatility Comparison
Velocity Financial, Inc. (VEL) has a higher volatility of 6.33% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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.
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