BFLY vs. SPY
Compare and contrast key facts about Butterfly Network, Inc. (BFLY) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BFLY or SPY.
Correlation
The correlation between BFLY and SPY is 0.40, 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.
Performance
BFLY vs. SPY - Performance Comparison
Key characteristics
BFLY:
2.36
SPY:
2.03
BFLY:
3.11
SPY:
2.71
BFLY:
1.34
SPY:
1.38
BFLY:
2.46
SPY:
3.02
BFLY:
9.24
SPY:
13.49
BFLY:
25.89%
SPY:
1.88%
BFLY:
101.22%
SPY:
12.48%
BFLY:
-97.40%
SPY:
-55.19%
BFLY:
-88.50%
SPY:
-3.54%
Returns By Period
In the year-to-date period, BFLY achieves a 188.89% return, which is significantly higher than SPY's 24.51% return.
BFLY
188.89%
18.18%
256.12%
197.14%
N/A
N/A
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
BFLY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Butterfly Network, Inc. (BFLY) 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.
Dividends
BFLY vs. SPY - Dividend Comparison
BFLY has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.87%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFLY Butterfly Network, 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 | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BFLY vs. SPY - Drawdown Comparison
The maximum BFLY drawdown since its inception was -97.40%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BFLY and SPY. For additional features, visit the drawdowns tool.
Volatility
BFLY vs. SPY - Volatility Comparison
Butterfly Network, Inc. (BFLY) has a higher volatility of 25.91% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that BFLY'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.