Correlation
The correlation between ZIJMY and SPY is 0.06, 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.
ZIJMY vs. SPY
Compare and contrast key facts about Zijin Mining Group Co Ltd ADR (ZIJMY) 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: ZIJMY or SPY.
Performance
ZIJMY vs. SPY - Performance Comparison
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Key characteristics
ZIJMY:
0.12
SPY:
0.70
ZIJMY:
0.33
SPY:
1.02
ZIJMY:
1.04
SPY:
1.15
ZIJMY:
0.05
SPY:
0.68
ZIJMY:
0.08
SPY:
2.57
ZIJMY:
16.40%
SPY:
4.93%
ZIJMY:
43.81%
SPY:
20.42%
ZIJMY:
-55.00%
SPY:
-55.19%
ZIJMY:
-8.92%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ZIJMY achieves a 22.07% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, ZIJMY has outperformed SPY with an annualized return of 20.79%, while SPY has yielded a comparatively lower 12.73% annualized return.
ZIJMY
22.07%
3.04%
17.47%
7.42%
20.17%
43.94%
20.79%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
ZIJMY vs. SPY — Risk-Adjusted Performance Rank
ZIJMY
SPY
ZIJMY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Zijin Mining Group Co Ltd ADR (ZIJMY) 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
ZIJMY vs. SPY - Dividend Comparison
ZIJMY's dividend yield for the trailing twelve months is around 2.38%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZIJMY Zijin Mining Group Co Ltd ADR | 2.38% | 2.28% | 2.21% | 2.23% | 1.30% | 1.14% | 3.45% | 3.71% | 2.64% | 2.83% | 4.99% | 4.53% |
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
ZIJMY vs. SPY - Drawdown Comparison
The maximum ZIJMY drawdown since its inception was -55.00%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ZIJMY and SPY.
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Volatility
ZIJMY vs. SPY - Volatility Comparison
Zijin Mining Group Co Ltd ADR (ZIJMY) has a higher volatility of 9.00% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that ZIJMY'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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