ABSI vs. SPY
Compare and contrast key facts about Absci Corporation (ABSI) 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: ABSI or SPY.
Correlation
The correlation between ABSI and SPY is 0.44, 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
ABSI vs. SPY - Performance Comparison
Key characteristics
ABSI:
-0.42
SPY:
1.99
ABSI:
-0.11
SPY:
2.66
ABSI:
0.99
SPY:
1.37
ABSI:
-0.41
SPY:
2.97
ABSI:
-1.06
SPY:
13.06
ABSI:
35.41%
SPY:
1.91%
ABSI:
90.06%
SPY:
12.59%
ABSI:
-96.20%
SPY:
-55.19%
ABSI:
-91.35%
SPY:
-2.90%
Returns By Period
ABSI
0.00%
-14.10%
-11.78%
-37.62%
N/A
N/A
SPY
25.34%
-2.05%
8.56%
25.34%
14.57%
13.08%
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Risk-Adjusted Performance
ABSI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Absci Corporation (ABSI) 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
ABSI vs. SPY - Dividend Comparison
ABSI has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ABSI Absci Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ABSI vs. SPY - Drawdown Comparison
The maximum ABSI drawdown since its inception was -96.20%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ABSI and SPY. For additional features, visit the drawdowns tool.
Volatility
ABSI vs. SPY - Volatility Comparison
Absci Corporation (ABSI) has a higher volatility of 38.38% compared to SPDR S&P 500 ETF (SPY) at 4.16%. This indicates that ABSI'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.