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VLY vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VLY and SPY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.5

Performance

VLY vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Valley National Bancorp (VLY) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

500.00%1,000.00%1,500.00%2,000.00%JulyAugustSeptemberOctoberNovemberDecember
458.74%
2,301.81%
VLY
SPY

Key characteristics

Sharpe Ratio

VLY:

-0.24

SPY:

2.21

Sortino Ratio

VLY:

-0.06

SPY:

2.93

Omega Ratio

VLY:

0.99

SPY:

1.41

Calmar Ratio

VLY:

-0.20

SPY:

3.26

Martin Ratio

VLY:

-0.43

SPY:

14.43

Ulcer Index

VLY:

24.06%

SPY:

1.90%

Daily Std Dev

VLY:

42.82%

SPY:

12.41%

Max Drawdown

VLY:

-62.17%

SPY:

-55.19%

Current Drawdown

VLY:

-29.91%

SPY:

-2.74%

Returns By Period

In the year-to-date period, VLY achieves a -10.94% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, VLY has underperformed SPY with an annualized return of 3.80%, while SPY has yielded a comparatively higher 12.97% annualized return.


VLY

YTD

-10.94%

1M

-9.66%

6M

42.65%

1Y

-11.35%

5Y*

0.07%

10Y*

3.80%

SPY

YTD

25.54%

1M

-0.42%

6M

8.90%

1Y

25.98%

5Y*

14.66%

10Y*

12.97%

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Risk-Adjusted Performance

VLY vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Valley National Bancorp (VLY) 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.


Sharpe ratio
The chart of Sharpe ratio for VLY, currently valued at -0.24, compared to the broader market-4.00-2.000.002.00-0.242.21
The chart of Sortino ratio for VLY, currently valued at -0.06, compared to the broader market-4.00-2.000.002.004.00-0.062.93
The chart of Omega ratio for VLY, currently valued at 0.99, compared to the broader market0.501.001.502.000.991.41
The chart of Calmar ratio for VLY, currently valued at -0.20, compared to the broader market0.002.004.006.00-0.203.26
The chart of Martin ratio for VLY, currently valued at -0.43, compared to the broader market-5.000.005.0010.0015.0020.0025.00-0.4314.43
VLY
SPY

The current VLY Sharpe Ratio is -0.24, which is lower than the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of VLY and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.24
2.21
VLY
SPY

Dividends

VLY vs. SPY - Dividend Comparison

VLY's dividend yield for the trailing twelve months is around 4.80%, more than SPY's 0.86% yield.


TTM20232022202120202019201820172016201520142013
VLY
Valley National Bancorp
4.80%4.05%3.89%3.20%4.51%3.84%4.95%3.92%3.78%4.47%4.53%5.92%
SPY
SPDR S&P 500 ETF
0.86%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

VLY vs. SPY - Drawdown Comparison

The maximum VLY drawdown since its inception was -62.17%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VLY and SPY. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-29.91%
-2.74%
VLY
SPY

Volatility

VLY vs. SPY - Volatility Comparison

Valley National Bancorp (VLY) has a higher volatility of 9.62% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that VLY'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.


0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
9.62%
3.72%
VLY
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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