EVVTY vs. SPY

Last updated Aug 4, 2026

EVVTY (Evolution Gaming Group AB ADR) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, EVVTY returned -11.90%/yr vs 13.05%/yr for SPY. Their 0.28 correlation means their historical movements had little consistent relationship.

Performance

EVVTY vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Evolution Gaming Group AB ADR (EVVTY) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EVVTY having a 11.95% return and SPY slightly lower at 11.70%.

EVVTY

• 1D: -0.85%
• 1M: 8.46%
• 6M: 20.16%
• YTD: 11.95%
• 1Y: -14.74%
• 3Y*: -10.57%
• 5Y*: -11.90%
• 10Y*: —
• ALL TIME*: 31.53%

SPY

• 1D: 1.42%
• 1M: 1.73%
• 6M: 9.53%
• YTD: 11.70%
• 1Y: 23.22%
• 3Y*: 20.74%
• 5Y*: 13.05%
• 10Y*: 15.09%
• ALL TIME*: 10.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EVVTY Evolution Gaming Group AB ADR	$1.71M	$1.66M	$1.82M
SPY State Street SPDR S&P 500 ETF	$38.19B	$36.17B	$39.59B

EVVTY vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVVTY Evolution Gaming Group AB ADR	11.95%	-3.86%	-34.01%	24.02%	-30.55%	42.20%	244.10%	158.72%	-18.41%	160.85%
SPY State Street SPDR S&P 500 ETF	11.70%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Correlation

The correlation between EVVTY and SPY is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.36
Correlation (5Y) Shows whether the relationship held over a longer period.	0.44
Correlation (All Time) Calculated using the full available price history since Aug 31, 2016	0.28

The correlation between EVVTY and SPY shifts across timeframes, from 0.28 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

EVVTY vs. SPY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EVVTY

EVVTY Risk / Return Rank: 26
EVVTY Sharpe Ratio Rank: 22
EVVTY Sortino Ratio Rank: 21
EVVTY Omega Ratio Rank: 22
EVVTY Calmar Ratio Rank: 30
EVVTY Martin Ratio Rank: 33

SPY

SPY Risk / Return Rank: 78
SPY Sharpe Ratio Rank: 78
SPY Sortino Ratio Rank: 77
SPY Omega Ratio Rank: 77
SPY Calmar Ratio Rank: 74
SPY Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EVVTY vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolution Gaming Group AB ADR (EVVTY) and State Street 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.

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.

	EVVTY	SPY	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	1.82	-2.29
Sortino ratio: Return per unit of downside risk	-0.47	2.50	-2.98
Omega ratio: Gain probability vs. loss probability	0.94	1.32	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.38	2.62	-3.01
Martin ratio: Return relative to average drawdown	-0.60	11.20	-11.79

EVVTY vs. SPY - Sharpe Ratio Comparison

The current EVVTY Sharpe Ratio is -0.47, which is lower than the SPY Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of EVVTY and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EVVTY vs. SPY - Drawdown Comparison

The maximum EVVTY drawdown since its inception was -67.34%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EVVTY and SPY.

Drawdown Indicators

	EVVTY	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-67.34%	-55.19%	-12.15%
Max Drawdown (1Y) Largest decline over 1 year	-38.61%	-8.88%	-29.73%
Max Drawdown (3Y) Largest decline over 3 years	-52.67%	-18.76%	-33.91%
Max Drawdown (5Y) Largest decline over 5 years	-63.75%	-24.50%	-39.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-56.42%	0.00%	-56.42%
Average Drawdown Average peak-to-trough decline	-29.96%	-9.01%	-20.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.71%	2.08%	+22.63%

Volatility

EVVTY vs. SPY - Volatility Comparison

Evolution Gaming Group AB ADR (EVVTY) has a higher volatility of 9.01% compared to State Street SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that EVVTY'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.

Volatility by Period

	EVVTY	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	3.84%	+5.17%
Volatility (6M) Calculated over the trailing 6-month period	24.51%	10.23%	+14.28%
Volatility (1Y) Calculated over the trailing 1-year period	31.48%	12.87%	+18.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.36%	17.19%	+25.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.78%	17.96%	+43.82%

Dividends

EVVTY vs. SPY - Dividend Comparison

EVVTY has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVVTY Evolution Gaming Group AB ADR	0.00%	8.57%	3.75%	1.81%	1.56%	0.56%	0.46%	0.92%	0.19%	0.69%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	0.99%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both EVVTY and SPY in my portfolio?

EVVTY and SPY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVVTY or SPY?

EVVTY has higher volatility (9.01%) compared to SPY (3.84%). In terms of maximum drawdown, EVVTY dropped -67.34% vs SPY's -55.19%.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (1.82 vs -0.47), 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.