APYX vs. SPY
APYX (Apyx Medical Corporation) 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, APYX returned -17.35%/yr vs 13.05%/yr for SPY. At a 0.34 correlation, their price movements are largely independent.
Performance
APYX vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, APYX achieves a 16.57% return, which is significantly higher than SPY's 8.15% return.
APYX
- 1D
- 1.75%
- 1M
- -1.21%
- YTD
- 16.57%
- 6M
- 13.33%
- 1Y
- 104.00%
- 3Y*
- -17.63%
- 5Y*
- -17.35%
- 10Y*
- —
SPY
- 1D
- -1.45%
- 1M
- -1.36%
- YTD
- 8.15%
- 6M
- 7.20%
- 1Y
- 23.59%
- 3Y*
- 20.68%
- 5Y*
- 13.05%
- 10Y*
- 15.53%
APYX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
APYX Apyx Medical Corporation | 16.57% | 121.52% | -39.69% | 11.97% | -81.75% | 78.06% | -14.89% | 6.28% |
SPY State Street SPDR S&P 500 ETF | 8.15% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% |
Correlation
The correlation between APYX and SPY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2019 | 0.34 |
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Return for Risk
APYX vs. SPY — Risk / Return Rank
APYX
SPY
APYX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apyx Medical Corporation (APYX) 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.
| APYX | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 2.67 | +0.19 |
| Martin ratioReturn relative to average drawdown | 6.86 | 11.92 | -5.06 |
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Drawdowns
APYX vs. SPY - Drawdown Comparison
The maximum APYX drawdown since its inception was -94.99%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for APYX and SPY.
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Drawdown Indicators
| APYX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.99% | -55.19% | -39.80% |
Max Drawdown (1Y)Largest decline over 1 year | -36.59% | -8.88% | -27.71% |
Max Drawdown (3Y)Largest decline over 3 years | -88.52% | -18.76% | -69.76% |
Max Drawdown (5Y)Largest decline over 5 years | -94.99% | -24.50% | -70.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -76.55% | -3.17% | -73.38% |
Average DrawdownAverage peak-to-trough decline | -57.06% | -9.04% | -48.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.21% | 1.98% | +13.23% |
Volatility
APYX vs. SPY - Volatility Comparison
Apyx Medical Corporation (APYX) has a higher volatility of 22.15% compared to State Street SPDR S&P 500 ETF (SPY) at 4.87%. This indicates that APYX'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
| APYX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.15% | 4.87% | +17.28% |
Volatility (6M)Calculated over the trailing 6-month period | 55.41% | 9.85% | +45.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.90% | 12.50% | +75.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.40% | 17.15% | +83.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.04% | 17.95% | +75.09% |
Dividends
APYX vs. SPY - Dividend Comparison
APYX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APYX Apyx Medical Corporation | 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 | 1.03% | 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
APYX and SPY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APYX has higher volatility (22.15%) compared to SPY (4.87%). In terms of maximum drawdown, APYX dropped -94.99% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.90 vs 1.19), 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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