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BASE vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BASE and SPY is 0.48, 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.


-0.50.00.51.0
Correlation: 0.5

Performance

BASE vs. SPY - Performance Comparison

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

-60.00%-40.00%-20.00%0.00%20.00%40.00%NovemberDecember2025FebruaryMarchApril
-43.62%
34.31%
BASE
SPY

Key characteristics

Sharpe Ratio

BASE:

-0.49

SPY:

0.57

Sortino Ratio

BASE:

-0.37

SPY:

0.94

Omega Ratio

BASE:

0.95

SPY:

1.14

Calmar Ratio

BASE:

-0.39

SPY:

0.61

Martin Ratio

BASE:

-0.75

SPY:

2.48

Ulcer Index

BASE:

38.43%

SPY:

4.63%

Daily Std Dev

BASE:

57.95%

SPY:

20.07%

Max Drawdown

BASE:

-79.57%

SPY:

-55.19%

Current Drawdown

BASE:

-66.77%

SPY:

-9.29%

Returns By Period

In the year-to-date period, BASE achieves a 9.94% return, which is significantly higher than SPY's -5.13% return.


BASE

YTD

9.94%

1M

9.38%

6M

4.13%

1Y

-32.71%

5Y*

N/A

10Y*

N/A

SPY

YTD

-5.13%

1M

-0.24%

6M

-4.11%

1Y

10.06%

5Y*

15.53%

10Y*

12.11%

*Annualized

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Risk-Adjusted Performance

BASE vs. SPY — Risk-Adjusted Performance Rank

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

BASE
The Risk-Adjusted Performance Rank of BASE is 2828
Overall Rank
The Sharpe Ratio Rank of BASE is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of BASE is 2727
Sortino Ratio Rank
The Omega Ratio Rank of BASE is 2727
Omega Ratio Rank
The Calmar Ratio Rank of BASE is 2727
Calmar Ratio Rank
The Martin Ratio Rank of BASE is 3636
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6666
Overall Rank
The Sharpe Ratio Rank of SPY is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6565
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6767
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7070
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BASE vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Couchbase, Inc. (BASE) 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.


The chart of Sharpe ratio for BASE, currently valued at -0.47, compared to the broader market-2.00-1.000.001.002.003.00
BASE: -0.47
SPY: 0.57
The chart of Sortino ratio for BASE, currently valued at -0.33, compared to the broader market-6.00-4.00-2.000.002.004.00
BASE: -0.33
SPY: 0.94
The chart of Omega ratio for BASE, currently valued at 0.95, compared to the broader market0.501.001.502.00
BASE: 0.95
SPY: 1.14
The chart of Calmar ratio for BASE, currently valued at -0.37, compared to the broader market0.001.002.003.004.005.00
BASE: -0.37
SPY: 0.61
The chart of Martin ratio for BASE, currently valued at -0.71, compared to the broader market-5.000.005.0010.0015.0020.00
BASE: -0.71
SPY: 2.48

The current BASE Sharpe Ratio is -0.49, which is lower than the SPY Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of BASE and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.47
0.57
BASE
SPY

Dividends

BASE vs. SPY - Dividend Comparison

BASE has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.29%.


TTM20242023202220212020201920182017201620152014
BASE
Couchbase, 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
SPDR S&P 500 ETF
1.29%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

BASE vs. SPY - Drawdown Comparison

The maximum BASE drawdown since its inception was -79.57%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BASE and SPY. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-66.77%
-9.29%
BASE
SPY

Volatility

BASE vs. SPY - Volatility Comparison

Couchbase, Inc. (BASE) has a higher volatility of 24.06% compared to SPDR S&P 500 ETF (SPY) at 15.00%. This indicates that BASE'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.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%NovemberDecember2025FebruaryMarchApril
24.06%
15.00%
BASE
SPY