WMG vs. SPY
Compare and contrast key facts about Warner Music Group Corp. (WMG) 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: WMG or SPY.
Correlation
The correlation between WMG and SPY is 0.38, 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
WMG vs. SPY - Performance Comparison
Key characteristics
WMG:
-0.41
SPY:
0.30
WMG:
-0.39
SPY:
0.56
WMG:
0.95
SPY:
1.08
WMG:
-0.28
SPY:
0.31
WMG:
-0.92
SPY:
1.40
WMG:
12.55%
SPY:
4.18%
WMG:
28.19%
SPY:
19.64%
WMG:
-54.04%
SPY:
-55.19%
WMG:
-36.78%
SPY:
-13.86%
Returns By Period
In the year-to-date period, WMG achieves a -5.58% return, which is significantly higher than SPY's -9.91% return.
WMG
-5.58%
-10.95%
-8.83%
-10.60%
N/A
N/A
SPY
-9.91%
-5.89%
-9.03%
6.50%
14.62%
11.57%
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Risk-Adjusted Performance
WMG vs. SPY — Risk-Adjusted Performance Rank
WMG
SPY
WMG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Warner Music Group Corp. (WMG) 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
WMG vs. SPY - Dividend Comparison
WMG's dividend yield for the trailing twelve months is around 2.44%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WMG Warner Music Group Corp. | 2.44% | 2.26% | 1.84% | 1.77% | 1.25% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
WMG vs. SPY - Drawdown Comparison
The maximum WMG drawdown since its inception was -54.04%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WMG and SPY. For additional features, visit the drawdowns tool.
Volatility
WMG vs. SPY - Volatility Comparison
The current volatility for Warner Music Group Corp. (WMG) is 9.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that WMG experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.