AVO vs. SPY

Last updated Jun 23, 2026

AVO (Mission Produce, 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, AVO returned -11.87%/yr vs 13.51%/yr for SPY. At a 0.30 correlation, their price movements are largely independent.

Performance

AVO vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mission Produce, Inc. (AVO) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVO achieves a -1.81% return, which is significantly lower than SPY's 9.74% return.

AVO

• 1D: -0.87%
• 1M: -4.45%
• YTD: -1.81%
• 6M: -4.45%
• 1Y: -9.32%
• 3Y*: -2.00%
• 5Y*: -11.87%
• 10Y*: —

SPY

• 1D: -0.31%
• 1M: 0.09%
• YTD: 9.74%
• 6M: 9.27%
• 1Y: 26.65%
• 3Y*: 21.27%
• 5Y*: 13.51%
• 10Y*: 15.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVO vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AVO Mission Produce, Inc.	-1.81%	-19.28%	42.42%	-13.17%	-25.99%	4.32%	22.86%
SPY State Street SPDR S&P 500 ETF	9.74%	17.72%	24.89%	26.18%	-18.18%	28.73%	12.12%

Correlation

The correlation between AVO and SPY is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020	0.30

Over the past year, the correlation between AVO and SPY has dropped to 0.08 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

Return for Risk

AVO vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVO

AVO Risk / Return Rank: 29
AVO Sharpe Ratio Rank: 30
AVO Sortino Ratio Rank: 28
AVO Omega Ratio Rank: 28
AVO Calmar Ratio Rank: 33
AVO Martin Ratio Rank: 25

SPY

SPY Risk / Return Rank: 68
SPY Sharpe Ratio Rank: 69
SPY Sortino Ratio Rank: 66
SPY Omega Ratio Rank: 68
SPY Calmar Ratio Rank: 63
SPY Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVO vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mission Produce, Inc. (AVO) 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.

	AVO	SPY	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	2.16	-2.43
Sortino ratio: Return per unit of downside risk	-0.14	2.91	-3.05
Omega ratio: Gain probability vs. loss probability	0.98	1.39	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.27	3.01	-3.29
Martin ratio: Return relative to average drawdown	-0.84	13.54	-14.37

AVO vs. SPY - Sharpe Ratio Comparison

The current AVO Sharpe Ratio is -0.27, which is lower than the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of AVO and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVO vs. SPY - Drawdown Comparison

The maximum AVO drawdown since its inception was -62.71%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AVO and SPY.

Drawdown Indicators

	AVO	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-62.71%	-55.19%	-7.52%
Max Drawdown (1Y) Largest decline over 1 year	-34.09%	-8.88%	-25.21%
Max Drawdown (3Y) Largest decline over 3 years	-34.09%	-18.76%	-15.33%
Max Drawdown (5Y) Largest decline over 5 years	-60.94%	-24.50%	-36.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-49.80%	-1.75%	-48.05%
Average Drawdown Average peak-to-trough decline	-38.06%	-9.04%	-29.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.18%	1.97%	+9.21%

Volatility

AVO vs. SPY - Volatility Comparison

Mission Produce, Inc. (AVO) has a higher volatility of 13.74% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that AVO'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.

Volatility by Period

	AVO	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.74%	4.64%	+9.10%
Volatility (6M) Calculated over the trailing 6-month period	28.88%	9.75%	+19.13%
Volatility (1Y) Calculated over the trailing 1-year period	34.69%	12.43%	+22.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.55%	17.14%	+18.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.75%	17.99%	+18.76%

Dividends

AVO vs. SPY - Dividend Comparison

AVO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVO Mission Produce, 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	1.01%	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

Can I hold both AVO and SPY in my portfolio?

AVO and SPY have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVO or SPY?

AVO has higher volatility (13.74%) compared to SPY (4.64%). In terms of maximum drawdown, AVO dropped -62.71% vs SPY's -55.19%.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.16 vs -0.27), 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.