ETH-USD vs. SPY
Compare and contrast key facts about Ethereum (ETH-USD) 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: ETH-USD or SPY.
Key characteristics
| ETH-USD | SPY | |
|---|---|---|
| YTD Return | 38.35% | 6.26% |
| 1Y Return | 69.11% | 26.32% |
| 3Y Return (Ann) | 7.59% | 8.03% |
| 5Y Return (Ann) | 81.92% | 13.23% |
| Sharpe Ratio | 2.72 | 2.21 |
| Daily Std Dev | 41.73% | 11.67% |
| Max Drawdown | -93.96% | -55.19% |
| Current Drawdown | -34.40% | -3.76% |
Correlation
The correlation between ETH-USD and SPY is 0.15, 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
ETH-USD vs. SPY - Performance Comparison
In the year-to-date period, ETH-USD achieves a 38.35% return, which is significantly higher than SPY's 6.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ETH-USD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) 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.
Drawdowns
ETH-USD vs. SPY - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -93.96%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETH-USD and SPY. For additional features, visit the drawdowns tool.
Volatility
ETH-USD vs. SPY - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 19.13% compared to SPDR S&P 500 ETF (SPY) at 3.54%. This indicates that ETH-USD'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.