Correlation
The correlation between FHTX and SPY is 0.33, 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.
FHTX vs. SPY
Compare and contrast key facts about Foghorn Therapeutics Inc. (FHTX) 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: FHTX or SPY.
Performance
FHTX vs. SPY - Performance Comparison
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Key characteristics
FHTX:
-0.33
SPY:
0.70
FHTX:
0.06
SPY:
1.02
FHTX:
1.01
SPY:
1.15
FHTX:
-0.34
SPY:
0.68
FHTX:
-0.75
SPY:
2.57
FHTX:
39.78%
SPY:
4.93%
FHTX:
89.21%
SPY:
20.42%
FHTX:
-89.10%
SPY:
-55.19%
FHTX:
-84.23%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FHTX achieves a -13.56% return, which is significantly lower than SPY's 0.87% return.
FHTX
-13.56%
-1.92%
-48.94%
-30.02%
-31.87%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
FHTX vs. SPY — Risk-Adjusted Performance Rank
FHTX
SPY
FHTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Foghorn Therapeutics Inc. (FHTX) 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.
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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 1.22%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 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
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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Volatility
FHTX vs. SPY - Volatility Comparison
Foghorn Therapeutics Inc. (FHTX) has a higher volatility of 23.11% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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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