AVTR vs. SPY
AVTR (Avantor, 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, AVTR returned -22.34%/yr vs 12.99%/yr for SPY. At a 0.46 correlation, their price movements are largely independent.
Performance
AVTR vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, AVTR achieves a -12.04% return, which is significantly lower than SPY's 8.25% return.
AVTR
- 1D
- 4.02%
- 1M
- 23.83%
- YTD
- -12.04%
- 6M
- -10.64%
- 1Y
- -25.77%
- 3Y*
- -20.08%
- 5Y*
- -22.34%
- 10Y*
- —
SPY
- 1D
- 0.14%
- 1M
- -1.92%
- YTD
- 8.25%
- 6M
- 6.93%
- 1Y
- 22.29%
- 3Y*
- 20.89%
- 5Y*
- 12.99%
- 10Y*
- 15.75%
AVTR vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVTR Avantor, Inc. | -12.04% | -45.61% | -7.71% | 8.25% | -49.95% | 49.70% | 55.10% | 23.30% |
SPY State Street SPDR S&P 500 ETF | 8.25% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 13.49% |
Correlation
The correlation between AVTR and SPY is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 17, 2019 | 0.46 |
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Return for Risk
AVTR vs. SPY — Risk / Return Rank
AVTR
SPY
AVTR vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantor, Inc. (AVTR) 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.
| AVTR | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.33 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.52 | -3.01 |
| Martin ratioReturn relative to average drawdown | -0.81 | 11.15 | -11.97 |
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Drawdowns
AVTR vs. SPY - Drawdown Comparison
The maximum AVTR drawdown since its inception was -83.16%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AVTR and SPY.
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Drawdown Indicators
| AVTR | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -55.19% | -27.97% |
Max Drawdown (1Y)Largest decline over 1 year | -52.50% | -8.88% | -43.62% |
Max Drawdown (3Y)Largest decline over 3 years | -73.25% | -18.76% | -54.49% |
Max Drawdown (5Y)Largest decline over 5 years | -83.16% | -24.50% | -58.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -77.10% | -3.08% | -74.02% |
Average DrawdownAverage peak-to-trough decline | -36.50% | -9.03% | -27.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.70% | 2.00% | +29.70% |
Volatility
AVTR vs. SPY - Volatility Comparison
Avantor, Inc. (AVTR) has a higher volatility of 14.62% compared to State Street SPDR S&P 500 ETF (SPY) at 4.79%. This indicates that AVTR'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
| AVTR | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.62% | 4.79% | +9.83% |
Volatility (6M)Calculated over the trailing 6-month period | 31.30% | 9.80% | +21.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.52% | 12.43% | +39.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.77% | 17.15% | +22.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.17% | 17.95% | +25.22% |
Dividends
AVTR vs. SPY - Dividend Comparison
AVTR has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVTR Avantor, 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 | 1.02% | 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
AVTR and SPY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVTR has higher volatility (14.62%) compared to SPY (4.79%). In terms of maximum drawdown, AVTR dropped -83.16% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.80 vs -0.50), 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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