BNGO vs. SPY
Compare and contrast key facts about Bionano Genomics, Inc. (BNGO) 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: BNGO or SPY.
Correlation
The correlation between BNGO and SPY is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BNGO vs. SPY - Performance Comparison
Key characteristics
BNGO:
-0.80
SPY:
0.51
BNGO:
-2.34
SPY:
0.86
BNGO:
0.75
SPY:
1.13
BNGO:
-0.91
SPY:
0.55
BNGO:
-1.30
SPY:
2.26
BNGO:
70.00%
SPY:
4.55%
BNGO:
113.74%
SPY:
20.08%
BNGO:
-99.97%
SPY:
-55.19%
BNGO:
-99.95%
SPY:
-9.89%
Returns By Period
In the year-to-date period, BNGO achieves a -75.15% return, which is significantly lower than SPY's -5.76% return.
BNGO
-75.15%
48.28%
-76.56%
-90.88%
-55.63%
N/A
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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Risk-Adjusted Performance
BNGO vs. SPY — Risk-Adjusted Performance Rank
BNGO
SPY
BNGO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bionano Genomics, Inc. (BNGO) 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
BNGO vs. SPY - Dividend Comparison
BNGO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.30%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNGO Bionano Genomics, 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 | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BNGO vs. SPY - Drawdown Comparison
The maximum BNGO drawdown since its inception was -99.97%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BNGO and SPY. For additional features, visit the drawdowns tool.
Volatility
BNGO vs. SPY - Volatility Comparison
Bionano Genomics, Inc. (BNGO) has a higher volatility of 49.09% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that BNGO'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.