AEVA vs. SPY
AEVA (Aeva Technologies, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, AEVA returned -17.79%/yr vs 12.94%/yr for SPY. At a 0.40 correlation, their price movements are largely independent.
Performance
AEVA vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, AEVA achieves a 41.64% return, which is significantly higher than SPY's 10.45% return.
AEVA
- 1D
- -10.39%
- 1M
- -24.43%
- 6M
- -1.52%
- YTD
- 41.64%
- 1Y
- -27.93%
- 3Y*
- 42.87%
- 5Y*
- -17.79%
- 10Y*
- —
SPY
- 1D
- -0.77%
- 1M
- 1.26%
- 6M
- 8.34%
- YTD
- 10.45%
- 1Y
- 21.46%
- 3Y*
- 20.07%
- 5Y*
- 12.94%
- 10Y*
- 15.08%
AEVA vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AEVA Aeva Technologies, Inc. | 41.64% | 179.58% | 25.38% | -44.29% | -82.01% | -48.01% | 51.46% |
SPY State Street SPDR S&P 500 ETF | 10.45% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 22.27% |
Correlation
The correlation between AEVA and SPY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.40 |
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Return for Risk
AEVA vs. SPY — Risk / Return Rank
AEVA
SPY
AEVA vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aeva Technologies, Inc. (AEVA) and State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AEVA | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.31 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.43 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.56 | 10.57 | -11.13 |
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Drawdowns
AEVA vs. SPY - Drawdown Comparison
The maximum AEVA drawdown since its inception was -97.71%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AEVA and SPY.
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Drawdown Indicators
| AEVA | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.71% | -55.19% | -42.52% |
Max Drawdown (1Y)Largest decline over 1 year | -71.49% | -8.88% | -62.61% |
Max Drawdown (3Y)Largest decline over 3 years | -75.68% | -18.76% | -56.92% |
Max Drawdown (5Y)Largest decline over 5 years | -95.61% | -24.50% | -71.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -81.19% | -1.12% | -80.07% |
Average DrawdownAverage peak-to-trough decline | -70.72% | -9.02% | -61.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.09% | 2.03% | +48.06% |
Volatility
AEVA vs. SPY - Volatility Comparison
Aeva Technologies, Inc. (AEVA) has a higher volatility of 41.46% compared to State Street SPDR S&P 500 ETF (SPY) at 4.26%. This indicates that AEVA'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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Volatility by Period
| AEVA | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.46% | 4.26% | +37.20% |
Volatility (6M)Calculated over the trailing 6-month period | 80.15% | 10.01% | +70.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 114.52% | 12.60% | +101.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.38% | 17.17% | +81.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.12% | 17.93% | +74.19% |
Dividends
AEVA vs. SPY - Dividend Comparison
AEVA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEVA Aeva Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
AEVA and SPY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AEVA has higher volatility (41.46%) compared to SPY (4.26%). In terms of maximum drawdown, AEVA dropped -97.71% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.71 vs -0.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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