Correlation
The correlation between VLVLY and SPY is 0.40, 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.
VLVLY vs. SPY
Compare and contrast key facts about Volvo AB ADR (VLVLY) 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: VLVLY or SPY.
Performance
VLVLY vs. SPY - Performance Comparison
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Key characteristics
VLVLY:
0.36
SPY:
0.70
VLVLY:
0.71
SPY:
1.02
VLVLY:
1.09
SPY:
1.15
VLVLY:
0.42
SPY:
0.68
VLVLY:
1.25
SPY:
2.57
VLVLY:
8.61%
SPY:
4.93%
VLVLY:
32.27%
SPY:
20.42%
VLVLY:
-49.45%
SPY:
-55.19%
VLVLY:
-9.88%
SPY:
-3.55%
Returns By Period
In the year-to-date period, VLVLY achieves a 22.94% return, which is significantly higher than SPY's 0.87% return.
VLVLY
22.94%
3.50%
20.14%
11.45%
24.88%
24.15%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
VLVLY vs. SPY — Risk-Adjusted Performance Rank
VLVLY
SPY
VLVLY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volvo AB ADR (VLVLY) 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
VLVLY vs. SPY - Dividend Comparison
VLVLY's dividend yield for the trailing twelve months is around 6.65%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLVLY Volvo AB ADR | 6.65% | 7.09% | 5.03% | 7.63% | 12.71% | 2.24% | 6.44% | 4.10% | 1.86% | 3.04% | 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
VLVLY vs. SPY - Drawdown Comparison
The maximum VLVLY drawdown since its inception was -49.45%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VLVLY and SPY.
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Volatility
VLVLY vs. SPY - Volatility Comparison
Volvo AB ADR (VLVLY) has a higher volatility of 6.42% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that VLVLY'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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