EVO vs. SPAXX
EVO (Evotec SE ADR) is a stock, while SPAXX (Fidelity Government Money Market Fund) is Money Market fund actively managed by Fidelity. Over the past 5 years, EVO returned -37.73%/yr vs 1.50%/yr for SPAXX. Their 0.03 correlation means their historical movements had little consistent relationship.
Performance
EVO vs. SPAXX - Performance Comparison
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Returns By Period
In the year-to-date period, EVO achieves a -37.99% return, which is significantly lower than SPAXX's 1.64% return.
EVO
- 1D
- -1.04%
- 1M
- -34.14%
- 6M
- -47.67%
- YTD
- -37.99%
- 1Y
- -52.49%
- 3Y*
- -47.31%
- 5Y*
- -37.73%
- 10Y*
- -1.89%
- ALL TIME*
- 1.16%
SPAXX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.35%
- YTD
- 1.64%
- 1Y
- 3.25%
- 3Y*
- 2.52%
- 5Y*
- 1.50%
- 10Y*
- —
- ALL TIME*
- 1.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $102.03K | $137.11K | $133.87K | |
| $0.00 | $0.00 | $0.00 |
EVO vs. SPAXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EVO Evotec SE ADR | -37.99% | -25.96% | -64.54% | 44.99% | -65.94% | 18.01% |
SPAXX Fidelity Government Money Market Fund | 1.64% | 3.96% | 1.54% | 0.41% | 0.00% | 0.00% |
Correlation
The correlation between EVO and SPAXX is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.03 |
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Return for Risk
EVO vs. SPAXX — Risk / Return Rank
EVO
SPAXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EVO vs. SPAXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evotec SE ADR (EVO) and Fidelity Government Money Market Fund (SPAXX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVO | SPAXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.61 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | — | — |
| Martin ratioReturn relative to average drawdown | -1.97 | — | — |
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Drawdowns
EVO vs. SPAXX - Drawdown Comparison
The maximum EVO drawdown since its inception was -92.80%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EVO and SPAXX.
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Drawdown Indicators
| EVO | SPAXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.80% | 0.00% | -92.80% |
Max Drawdown (1Y)Largest decline over 1 year | -53.98% | 0.00% | -53.98% |
Max Drawdown (3Y)Largest decline over 3 years | -84.91% | 0.00% | -84.91% |
Max Drawdown (5Y)Largest decline over 5 years | -92.80% | 0.00% | -92.80% |
Max Drawdown (10Y)Largest decline over 10 years | -92.80% | — | — |
Current DrawdownCurrent decline from peak | -92.80% | 0.00% | -92.80% |
Average DrawdownAverage peak-to-trough decline | -34.26% | 0.00% | -34.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.47% | 0.00% | +26.47% |
Volatility
EVO vs. SPAXX - Volatility Comparison
Evotec SE ADR (EVO) has a higher volatility of 19.51% compared to Fidelity Government Money Market Fund (SPAXX) at 0.00%. This indicates that EVO's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVO | SPAXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.51% | 0.00% | +19.51% |
Volatility (6M)Calculated over the trailing 6-month period | 43.49% | 0.65% | +42.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.17% | 1.02% | +53.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.31% | 0.70% | +58.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.99% | 0.69% | +51.30% |
Dividends
EVO vs. SPAXX - Dividend Comparison
EVO has not paid dividends to shareholders, while SPAXX's dividend yield for the trailing twelve months is around 3.20%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EVO Evotec SE ADR | 0.00% | 0.00% | 0.00% | 0.00% |
SPAXX Fidelity Government Money Market Fund | 3.20% | 3.88% | 1.53% | 0.41% |
Frequently Asked Questions
EVO and SPAXX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVO has higher volatility (19.51%) compared to SPAXX (0.00%). In terms of maximum drawdown, EVO dropped -92.80% vs SPAXX's 0.00%.
SPAXX currently has the higher Sharpe Ratio (3.65 vs -0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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