Correlation
The correlation between BTAI and SPY is 0.31, 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.
BTAI vs. SPY
Compare and contrast key facts about BioXcel Therapeutics, Inc. (BTAI) 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: BTAI or SPY.
Performance
BTAI vs. SPY - Performance Comparison
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Key characteristics
BTAI:
-0.67
SPY:
0.68
BTAI:
-2.38
SPY:
1.11
BTAI:
0.74
SPY:
1.16
BTAI:
-0.96
SPY:
0.75
BTAI:
-1.29
SPY:
2.86
BTAI:
73.92%
SPY:
4.93%
BTAI:
141.67%
SPY:
20.44%
BTAI:
-99.89%
SPY:
-55.19%
BTAI:
-99.87%
SPY:
-3.01%
Returns By Period
In the year-to-date period, BTAI achieves a -77.94% return, which is significantly lower than SPY's 1.44% return.
BTAI
-77.94%
-25.84%
-80.82%
-95.44%
-80.53%
-71.66%
N/A
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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Risk-Adjusted Performance
BTAI vs. SPY — Risk-Adjusted Performance Rank
BTAI
SPY
BTAI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BioXcel Therapeutics, Inc. (BTAI) 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.
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Dividends
BTAI vs. SPY - Dividend Comparison
BTAI has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTAI BioXcel Therapeutics, 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 | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BTAI vs. SPY - Drawdown Comparison
The maximum BTAI drawdown since its inception was -99.89%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BTAI and SPY.
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Volatility
BTAI vs. SPY - Volatility Comparison
BioXcel Therapeutics, Inc. (BTAI) has a higher volatility of 20.66% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that BTAI'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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