EWTX vs. SPY
Compare and contrast key facts about Edgewise Therapeutics Inc (EWTX) 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: EWTX or SPY.
Correlation
The correlation between EWTX and SPY is 0.28, 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
EWTX vs. SPY - Performance Comparison
Key characteristics
EWTX:
0.56
SPY:
1.91
EWTX:
1.63
SPY:
2.57
EWTX:
1.19
SPY:
1.35
EWTX:
0.79
SPY:
2.88
EWTX:
2.79
SPY:
11.96
EWTX:
16.37%
SPY:
2.03%
EWTX:
81.47%
SPY:
12.68%
EWTX:
-84.69%
SPY:
-55.19%
EWTX:
-28.65%
SPY:
0.00%
Returns By Period
In the year-to-date period, EWTX achieves a -2.13% return, which is significantly lower than SPY's 4.34% return.
EWTX
-2.13%
-0.50%
32.51%
50.43%
N/A
N/A
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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
EWTX vs. SPY — Risk-Adjusted Performance Rank
EWTX
SPY
EWTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Edgewise Therapeutics Inc (EWTX) 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
EWTX vs. SPY - Dividend Comparison
EWTX 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWTX Edgewise Therapeutics 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
EWTX vs. SPY - Drawdown Comparison
The maximum EWTX drawdown since its inception was -84.69%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EWTX and SPY. For additional features, visit the drawdowns tool.
Volatility
EWTX vs. SPY - Volatility Comparison
Edgewise Therapeutics Inc (EWTX) has a higher volatility of 13.97% compared to SPDR S&P 500 ETF (SPY) at 3.13%. This indicates that EWTX'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.