FHTX vs. SPY
FHTX (Foghorn Therapeutics Inc.) 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, FHTX returned -11.79%/yr vs 12.95%/yr for SPY. At a 0.33 correlation, their price movements are largely independent.
Performance
FHTX vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, FHTX achieves a -4.44% return, which is significantly lower than SPY's 10.31% return.
FHTX
- 1D
- -0.58%
- 1M
- 24.34%
- 6M
- -7.36%
- YTD
- -4.44%
- 1Y
- -15.41%
- 3Y*
- -13.96%
- 5Y*
- -11.79%
- 10Y*
- —
- ALL TIME*
- -20.31%
SPY
- 1D
- 0.83%
- 1M
- 0.21%
- 6M
- 11.02%
- YTD
- 10.31%
- 1Y
- 20.33%
- 3Y*
- 19.76%
- 5Y*
- 12.95%
- 10Y*
- 14.99%
- ALL TIME*
- 10.80%
FHTX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FHTX Foghorn Therapeutics Inc. | -4.44% | 14.41% | -26.82% | 1.10% | -72.10% | 12.83% | 6.68% |
SPY State Street SPDR S&P 500 ETF | 10.31% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 8.96% |
Correlation
The correlation between FHTX and SPY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2020 | 0.33 |
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Return for Risk
FHTX vs. SPY — Risk / Return Rank
FHTX
SPY
FHTX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Foghorn Therapeutics Inc. (FHTX) 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.
| FHTX | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.29 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 2.30 | -2.63 |
| Martin ratioReturn relative to average drawdown | -0.57 | 9.96 | -10.54 |
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Drawdowns
FHTX vs. SPY - Drawdown Comparison
The maximum FHTX drawdown since its inception was -89.10%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FHTX and SPY.
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Drawdown Indicators
| FHTX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.10% | -55.19% | -33.91% |
Max Drawdown (1Y)Largest decline over 1 year | -46.11% | -8.88% | -37.23% |
Max Drawdown (3Y)Largest decline over 3 years | -71.43% | -18.76% | -52.67% |
Max Drawdown (5Y)Largest decline over 5 years | -87.67% | -24.50% | -63.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -80.06% | -1.23% | -78.83% |
Average DrawdownAverage peak-to-trough decline | -66.54% | -9.02% | -57.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.92% | 2.05% | +24.87% |
Volatility
FHTX vs. SPY - Volatility Comparison
Foghorn Therapeutics Inc. (FHTX) has a higher volatility of 27.48% compared to State Street SPDR S&P 500 ETF (SPY) at 3.39%. This indicates that FHTX'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.
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Volatility by Period
| FHTX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.48% | 3.39% | +24.09% |
Volatility (6M)Calculated over the trailing 6-month period | 49.93% | 10.09% | +39.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.86% | 12.64% | +63.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.43% | 17.15% | +75.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.92% | 17.94% | +73.98% |
Dividends
FHTX vs. SPY - Dividend Comparison
FHTX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHTX Foghorn 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 State Street SPDR S&P 500 ETF | 1.01% | 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
FHTX and SPY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHTX has higher volatility (27.48%) compared to SPY (3.39%). In terms of maximum drawdown, FHTX dropped -89.10% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.62 vs -0.20), 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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