RJF vs SPY Stock Comparison
SPY currently leads RJF in this stock comparison, with AIQ scores of 66 vs 56. The clearest difference is momentum, while RJF has the stronger value profile.
What is the main difference between RJF and SPY?
SPY leads the current stock comparison as State Street SPDR S&P 500 ETF, with the clearest separation coming from momentum and the broader AIQ evidence mix.
AlgovestIQ AIQ Comparison
Raymond James Financial, Inc. vs State Street SPDR S&P 500 ETF
SPY leads
SPY leads by 10 AIQ points, primarily on Momentum and Risk Resilience, but the lead has narrowed from 14 points over 30 sessions.
Fragile: 3 of 4 evidence groups support SPY, its lead is narrowing, and its current signal state is conflicted.
Raymond James Financial, Inc.
State Street SPDR S&P 500 ETF
The Algovestiq AIQ Score currently favors SPY over RJF, 66 versus 56 as of Oct 21, 2026. SPY's advantage is driven primarily by stronger momentum and risk resilience, while RJF holds the stronger value profile. SPY also shows the stronger technical structure relative to its 50-day moving average. 3 of 4 covered evidence groups favor SPY today, and the comparison is rated Fragile on stability: the leader's advantage has been narrowing. SPY lead: Weakening — the AIQ differential moved from 14 to 10 points over 30 sessions.
Compare Raymond James Financial, Inc. and State Street SPDR S&P 500 ETF across the Algovestiq AIQ Score, valuation, quality, momentum, risk, technicals and analyst expectations.
Performance over time
Total return with distributions reinvested, from daily closes.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare RJF and SPY against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Momentum36 vs 63SPY +27
- Risk Resilience65 vs 88SPY +23
- Quality72 vs 84SPY +12
- Value51 vs 41RJF +10
3 of 4 evidence groups favor SPY. SPY’s edge is concentrated in momentum and risk resilience; RJF keeps a meaningful value edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +8
No signal started or stopped since the prior session; its 3 active signals are unchanged.
Largest factor move: Momentum +16
New signals
- Uptrend Structure Active — bullish, trend, long horizon
SPY's lead widened by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — RJF and SPY both carry a full feed there.
The central trade-off
SPY (State Street SPDR S&P 500 ETF): the stronger current systematic profile, led by momentum and risk resilience.
RJF (Raymond James Financial, Inc.): the counter-case, on value, valuation — but at materially higher volatility, 16.9% against 9%.
Which one fits your objective
The same two names rank differently depending on what you are optimizing for. All six reads are shown at once — none of them is hidden behind a toggle.
Balanced
SPYSPY on the overall AIQ Score, which weights Quality and Value most heavily.
Growth
EvenGrowth figures are not covered for both names.
Value
RJFRJF on the peer-relative Value factor, by 10 points.
Momentum
SPYSPY on the Momentum factor, by 27 points.
Lower downside
SPYSPY on Risk Resilience, by 23 points.
Analyst upside
EvenAnalyst targets are level or not covered for both names.
AIQ vs Wall Street
Where the systematic read and the analyst consensus line up — and where they do not.
| Measure | RJF | SPY | Note |
|---|---|---|---|
| Implied upside to target | +15.7% | — | Level |
| Target dispersion | +27.8% | — | Lower is tighter analyst agreement |
| Consensus | Buy | — | Context, not a primary driver |
| Analysts covering | 4 | — | Higher coverage generally improves confidence |
Analyst targets are expectations, not predictions. Dispersion matters as much as the midpoint.
AIQ Agreement Matrix
3 of 4 covered evidence groups favor SPY. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | SPY | 56 vs 66 |
| Fundamentals | Not covered | Not covered |
| Valuation | RJF | Value 51 vs 41 |
| Technicals | SPY | Price vs 50-day -7.3% vs 0.6%; vs 200-day -3.3% vs 5.9% |
| Risk Resilience | SPY | Risk Resilience 65 vs 88 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of RJF and SPY and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 10 points.
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on SPY.
How the comparison changed
120 daily snapshots · Jun 21 – Oct 20SPY lead: Weakening — the AIQ differential moved from 14 to 10 points over 30 sessions.
- Today
- SPY +10
- 56 vs 66
- 7 sessions ago
- SPY +10
- 56 vs 66
- 30 sessions ago
- SPY +14
- 52 vs 66
- 90 sessions ago
- SPY +7
- 63 vs 70
The lead changed hands once in this window, most recently on Jun 25 when SPY moved ahead of RJF.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
2 bullish / 0 bearish / 1 neutral
Only RJF
- Bollinger Band Squeeze — neutral, volatility, short horizon
- MACD Bullish Crossover — bullish, momentum, short horizon
4 bullish / 1 bearish / 1 neutral, conflicted
Only SPY
- ATR Contraction - Coiling — neutral, volatility, short horizon (0.92%)
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- 52-Week High Proximity — bullish, risk, long horizon (1.2%)
- Uptrend Structure Active — bullish, trend, long horizon
- MACD Bearish Crossover — bearish, momentum, short horizon
Both carry 1 more signal that do not separate them: Golden Cross Active.
SPY leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price and the AIQ Score both moved up over the latest session (price +0.27%, AIQ +3 points).
Price and the AIQ Score both moved up over the latest session (price +0.53%, AIQ +4 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1RJF closes the Momentum gap — currently 27 points behind, the largest single contributor to SPY's edge.
- 2RJF's Bollinger Band Squeeze turns directional — it is neutral today and would confirm a change in trend.
- 3SPY's conflicting signal state resolves bearish — it currently carries 4 bullish and 1 bearish rules at once.
- 4The narrowing continues — the lead has already given back 4 points over 30 sessions, and a further 10-point move would eliminate SPY's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Fundamentals
Split| Metric | RJF | SPY |
|---|---|---|
| Revenue growth (YoY) | 2.3% | — |
| EPS growth (YoY) | 10.9% | — |
| Gross margin | 83.5% | — |
| Operating margin | 17.4% | — |
| Return on equity (TTM) | 18.3% | — |
| Debt to equity | 0.42 | — |
Performance
SPY leads 5 of 6 windows| Metric | RJF | SPY |
|---|---|---|
| 1 week (5 sessions) | -1% | -1.2% |
| 1 month (20 sessions) | -2.6% | -0.6% |
| 3 months (63 sessions) | -7.6% | 2.9% |
| 6 months (126 sessions) | 0.5% | 9.2% |
| Year to date | -3.3% | 12.8% |
| 1 year (252 sessions) | -3.1% | 16.4% |
Technicals
SPY has the stronger structure| Metric | RJF | SPY |
|---|---|---|
| RSI (14) | 43 | 56.2 |
| ADX (14) | 38.6 | 12.5 |
| Price vs 50-day | -7.3% | 0.6% |
| Price vs 200-day | -3.3% | 5.9% |
| Volatility (1M, annualized) | 16.9% | 9% |
Risk
SPY is the more resilient| Metric | RJF | SPY |
|---|---|---|
| Beta | 0.72 | 1 |
| Sharpe ratio | -0.19 | 0.91 |
| Sortino ratio | -0.25 | 1.39 |
| Max drawdown | -18.9% | -9.1% |
| Current drawdown | -14.3% | -1.3% |
| Annualized volatility | 24.9% | 12.8% |
| Value at risk (95%) | -2.6% | -1.4% |
Straight answers
Each answer is regenerated from the current snapshot, not written once and left to age.
Which is better, RJF or SPY?
On the Algovestiq AIQ Score, SPY is the stronger of the two as of Oct 21, 2026, scoring 66 against RJF's 56. The edge comes from momentum and risk resilience. RJF is not without a case — it holds the better value profile, which matters more if that is the objective you are optimizing for. This is a systematic score, not a recommendation: it ranks the two on the same evidence, it does not know your holding period or tax position.
Is RJF or SPY the better buy right now?
SPY carries the stronger systematic profile as of Oct 21, 2026, and the comparison is rated Fragile — 3 of 4 covered evidence groups agree. A Fragile rating means the conclusion is sensitive: the leader's advantage has been narrowing. Treat the lead as provisional.
Why does the AIQ Score favor SPY over RJF?
The composite weights Quality, Value, Momentum and Risk Resilience. SPY leads Momentum by 27 points; SPY leads Risk Resilience by 23 points; SPY leads Quality by 12 points. Where the two split, the factor with the larger weight carries the result.
Which has more analyst upside, RJF or SPY?
Analyst price targets imply +15.7% upside for RJF and not covered for SPY. The model and the Street agree here, which is a broader base of evidence than either alone. Analyst targets are expectations, not predictions, and dispersion matters as much as the midpoint.
Which is better value, RJF or SPY?
RJF is the better-valued of the two on the peer-relative Value factor. RJF on the peer-relative Value factor, by 10 points. The Value factor reads valuation relative to sector peers and to the company's own fundamental quality, so it is not the same as simply having the lower multiple.
Which has stronger growth, RJF or SPY?
Growth figures are not covered for both names. Growth here is measured on reported revenue and earnings, not on forward estimates — it describes what the businesses have delivered, not what the Street expects next.
Which has stronger momentum, RJF or SPY?
SPY on the Momentum factor, by 27 points. Momentum is one of the four weighted factors in the AIQ composite. It has documented persistence over three- to twelve-month horizons, which makes it a timing input rather than a reason to hold something indefinitely.
Which is riskier, RJF or SPY?
SPY is the more resilient of the two, so the other name carries the higher downside risk. SPY on Risk Resilience, by 23 points. Risk Resilience is a weighted factor in the composite; position sizing usually responds to it more usefully than the buy/avoid decision does.
Is RJF more profitable than SPY?
Margin data is not comparable for both names in the current snapshot.
Is SPY's lead over RJF getting stronger or weaker?
SPY lead: Weakening — the AIQ differential moved from 14 to 10 points over 30 sessions. This is measured from 120 daily comparison snapshots between 2026-06-21 and 2026-10-20. The lead has changed hands once in that window, most recently on 2026-06-25, when SPY moved ahead of RJF.
What would change the RJF vs SPY verdict?
The result is a state, not a forecast, so it changes when the underlying evidence changes. Concretely: RJF closes the Momentum gap — currently 27 points behind, the largest single contributor to SPY's edge; RJF's Bollinger Band Squeeze turns directional — it is neutral today and would confirm a change in trend; SPY's conflicting signal state resolves bearish — it currently carries 4 bullish and 1 bearish rules at once; the narrowing continues — the lead has already given back 4 points over 30 sessions, and a further 10-point move would eliminate SPY's advantage entirely.
What do the current signals say about RJF and SPY?
RJF: 2 bullish / 0 bearish / 1 neutral. SPY: 4 bullish / 1 bearish / 1 neutral, conflicted. A conflicted state means bullish and bearish rules are active on the same name at once — the technical evidence is not pointing one way, and a decision taken on it carries more timing risk. The most decision-relevant rule on RJF is Golden Cross Active (bullish, long horizon). On SPY it is Golden Cross Active (bullish, long horizon).
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.