WNDY vs. SPY
Compare and contrast key facts about Global X Wind Energy ETF (WNDY) and SPDR S&P 500 ETF (SPY).
WNDY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WNDY is a passively managed fund by Global X that tracks the performance of the Solactive Wind Energy Index - Benchmark TR Gross. It was launched on Sep 8, 2021. 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. Both WNDY and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WNDY or SPY.
Correlation
The correlation between WNDY and SPY is 0.46, 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.
Performance
WNDY vs. SPY - Performance Comparison
Key characteristics
WNDY:
-0.65
SPY:
2.17
WNDY:
-0.78
SPY:
2.88
WNDY:
0.90
SPY:
1.41
WNDY:
-0.29
SPY:
3.19
WNDY:
-1.48
SPY:
14.10
WNDY:
11.42%
SPY:
1.90%
WNDY:
25.89%
SPY:
12.39%
WNDY:
-58.54%
SPY:
-55.19%
WNDY:
-58.54%
SPY:
-3.19%
Returns By Period
In the year-to-date period, WNDY achieves a -20.38% return, which is significantly lower than SPY's 24.97% return.
WNDY
-20.38%
-4.55%
-12.77%
-15.29%
N/A
N/A
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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WNDY vs. SPY - Expense Ratio Comparison
WNDY has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
WNDY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Wind Energy ETF (WNDY) 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
WNDY vs. SPY - Dividend Comparison
WNDY's dividend yield for the trailing twelve months is around 1.12%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WNDY Global X Wind Energy ETF | 1.12% | 1.40% | 0.71% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
WNDY vs. SPY - Drawdown Comparison
The maximum WNDY drawdown since its inception was -58.54%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WNDY and SPY. For additional features, visit the drawdowns tool.
Volatility
WNDY vs. SPY - Volatility Comparison
Global X Wind Energy ETF (WNDY) has a higher volatility of 9.40% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that WNDY'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.