Correlation
The correlation between ETON and SPY is 0.25, 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.
ETON vs. SPY
Compare and contrast key facts about Eton Pharmaceuticals Inc (ETON) 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: ETON or SPY.
Performance
ETON vs. SPY - Performance Comparison
Loading data...
Key characteristics
ETON:
6.84
SPY:
0.70
ETON:
5.26
SPY:
1.02
ETON:
1.70
SPY:
1.15
ETON:
6.28
SPY:
0.68
ETON:
37.74
SPY:
2.57
ETON:
11.25%
SPY:
4.93%
ETON:
62.67%
SPY:
20.42%
ETON:
-79.94%
SPY:
-55.19%
ETON:
-6.72%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ETON achieves a 41.82% return, which is significantly higher than SPY's 0.87% return.
ETON
41.82%
12.11%
39.62%
421.82%
83.85%
32.65%
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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
ETON vs. SPY — Risk-Adjusted Performance Rank
ETON
SPY
ETON vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eton Pharmaceuticals Inc (ETON) 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.
Loading data...
Dividends
ETON vs. SPY - Dividend Comparison
ETON has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETON Eton Pharmaceuticals 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 | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ETON vs. SPY - Drawdown Comparison
The maximum ETON drawdown since its inception was -79.94%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETON and SPY.
Loading data...
Volatility
ETON vs. SPY - Volatility Comparison
Eton Pharmaceuticals Inc (ETON) has a higher volatility of 18.33% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that ETON'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.
Loading data...