EGHT vs. SPY
Compare and contrast key facts about 8x8, Inc. (EGHT) 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: EGHT or SPY.
Correlation
The correlation between EGHT and SPY is 0.30, 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
EGHT vs. SPY - Performance Comparison
Key characteristics
EGHT:
0.25
SPY:
1.97
EGHT:
0.91
SPY:
2.64
EGHT:
1.12
SPY:
1.36
EGHT:
0.20
SPY:
2.97
EGHT:
0.72
SPY:
12.34
EGHT:
26.75%
SPY:
2.03%
EGHT:
76.95%
SPY:
12.68%
EGHT:
-99.48%
SPY:
-55.19%
EGHT:
-91.83%
SPY:
-0.01%
Returns By Period
In the year-to-date period, EGHT achieves a 16.67% return, which is significantly higher than SPY's 4.03% return. Over the past 10 years, EGHT has underperformed SPY with an annualized return of -8.85%, while SPY has yielded a comparatively higher 13.22% annualized return.
EGHT
16.67%
14.52%
84.32%
8.92%
-31.40%
-8.85%
SPY
4.03%
2.85%
10.70%
23.01%
14.30%
13.22%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
EGHT vs. SPY — Risk-Adjusted Performance Rank
EGHT
SPY
EGHT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 8x8, Inc. (EGHT) 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
EGHT vs. SPY - Dividend Comparison
EGHT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGHT 8x8, 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 | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EGHT vs. SPY - Drawdown Comparison
The maximum EGHT drawdown since its inception was -99.48%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EGHT and SPY. For additional features, visit the drawdowns tool.
Volatility
EGHT vs. SPY - Volatility Comparison
8x8, Inc. (EGHT) has a higher volatility of 22.01% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that EGHT'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.