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

Correlation

The correlation between DUOL and SPY is 0.44, 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.


-0.50.00.51.00.4

Performance

DUOL vs. SPY - Performance Comparison

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

0.00%20.00%40.00%60.00%80.00%100.00%120.00%SeptemberOctoberNovemberDecember2025February
81.06%
5.46%
DUOL
SPY

Key characteristics

Sharpe Ratio

DUOL:

1.90

SPY:

1.35

Sortino Ratio

DUOL:

2.51

SPY:

1.83

Omega Ratio

DUOL:

1.33

SPY:

1.25

Calmar Ratio

DUOL:

2.89

SPY:

2.04

Martin Ratio

DUOL:

6.95

SPY:

8.26

Ulcer Index

DUOL:

15.04%

SPY:

2.07%

Daily Std Dev

DUOL:

54.78%

SPY:

12.74%

Max Drawdown

DUOL:

-68.92%

SPY:

-55.19%

Current Drawdown

DUOL:

-14.86%

SPY:

-4.55%

Returns By Period

In the year-to-date period, DUOL achieves a 15.90% return, which is significantly higher than SPY's -0.18% return.


DUOL

YTD

15.90%

1M

7.15%

6M

81.06%

1Y

92.21%

5Y*

N/A

10Y*

N/A

SPY

YTD

-0.18%

1M

-3.22%

6M

5.46%

1Y

17.05%

5Y*

16.38%

10Y*

12.66%

*Annualized

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Risk-Adjusted Performance

DUOL vs. SPY — Risk-Adjusted Performance Rank

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

DUOL
The Risk-Adjusted Performance Rank of DUOL is 9090
Overall Rank
The Sharpe Ratio Rank of DUOL is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of DUOL is 8888
Sortino Ratio Rank
The Omega Ratio Rank of DUOL is 8787
Omega Ratio Rank
The Calmar Ratio Rank of DUOL is 9595
Calmar Ratio Rank
The Martin Ratio Rank of DUOL is 8787
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6666
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 5959
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6363
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7171
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 7373
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.

DUOL vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Duolingo, Inc. (DUOL) 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 DUOL, currently valued at 1.90, compared to the broader market-3.00-2.00-1.000.001.002.003.001.901.35
The chart of Sortino ratio for DUOL, currently valued at 2.51, compared to the broader market-4.00-2.000.002.004.002.511.83
The chart of Omega ratio for DUOL, currently valued at 1.33, compared to the broader market0.501.001.502.001.331.25
The chart of Calmar ratio for DUOL, currently valued at 2.89, compared to the broader market0.002.004.006.002.892.04
The chart of Martin ratio for DUOL, currently valued at 6.95, compared to the broader market-10.000.0010.0020.006.958.26
DUOL
SPY

The current DUOL Sharpe Ratio is 1.90, which is higher than the SPY Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of DUOL 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 Ratio0.001.002.003.004.00SeptemberOctoberNovemberDecember2025February
1.90
1.35
DUOL
SPY

Dividends

DUOL vs. SPY - Dividend Comparison

DUOL has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.


TTM20242023202220212020201920182017201620152014
DUOL
Duolingo, 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

DUOL vs. SPY - Drawdown Comparison

The maximum DUOL drawdown since its inception was -68.92%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DUOL and SPY. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2025February
-14.86%
-4.55%
DUOL
SPY

Volatility

DUOL vs. SPY - Volatility Comparison

Duolingo, Inc. (DUOL) has a higher volatility of 16.11% compared to SPDR S&P 500 ETF (SPY) at 3.29%. This indicates that DUOL'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%SeptemberOctoberNovemberDecember2025February
16.11%
3.29%
DUOL
SPY