FPH vs. SPY
FPH (Five Point Holdings, LLC) 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, FPH returned -9.38%/yr vs 13.10%/yr for SPY. At a 0.34 correlation, their price movements are largely independent.
Performance
FPH vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, FPH achieves a -6.98% return, which is significantly lower than SPY's 10.84% return.
FPH
- 1D
- 1.56%
- 1M
- 0.78%
- 6M
- -9.09%
- YTD
- -6.98%
- 1Y
- -16.80%
- 3Y*
- 20.12%
- 5Y*
- -9.38%
- 10Y*
- —
SPY
- 1D
- 0.36%
- 1M
- 1.62%
- 6M
- 8.94%
- YTD
- 10.84%
- 1Y
- 21.66%
- 3Y*
- 20.21%
- 5Y*
- 13.10%
- 10Y*
- 15.12%
FPH vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPH Five Point Holdings, LLC | -6.98% | 47.88% | 23.13% | 31.76% | -64.37% | 19.78% | -21.44% | 0.14% | -50.78% | -7.24% |
SPY State Street SPDR S&P 500 ETF | 10.84% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 13.13% |
Correlation
The correlation between FPH and SPY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 10, 2017 | 0.34 |
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Return for Risk
FPH vs. SPY — Risk / Return Rank
FPH
SPY
FPH vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Five Point Holdings, LLC (FPH) 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.
| FPH | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.31 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.45 | -3.06 |
| Martin ratioReturn relative to average drawdown | -1.02 | 10.67 | -11.69 |
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Drawdowns
FPH vs. SPY - Drawdown Comparison
The maximum FPH drawdown since its inception was -87.96%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FPH and SPY.
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Drawdown Indicators
| FPH | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.96% | -55.19% | -32.77% |
Max Drawdown (1Y)Largest decline over 1 year | -27.43% | -8.88% | -18.55% |
Max Drawdown (3Y)Largest decline over 3 years | -39.27% | -18.76% | -20.51% |
Max Drawdown (5Y)Largest decline over 5 years | -76.62% | -24.50% | -52.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -68.39% | -0.76% | -67.63% |
Average DrawdownAverage peak-to-trough decline | -60.66% | -9.02% | -51.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.53% | 2.04% | +14.49% |
Volatility
FPH vs. SPY - Volatility Comparison
Five Point Holdings, LLC (FPH) has a higher volatility of 9.56% compared to State Street SPDR S&P 500 ETF (SPY) at 3.96%. This indicates that FPH'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
| FPH | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.56% | 3.96% | +5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 20.12% | 10.00% | +10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.23% | 12.58% | +19.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.86% | 17.17% | +29.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.37% | 17.93% | +29.44% |
Dividends
FPH vs. SPY - Dividend Comparison
FPH has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPH Five Point Holdings, LLC | 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 | 1.00% | 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
FPH and SPY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPH has higher volatility (9.56%) compared to SPY (3.96%). In terms of maximum drawdown, FPH dropped -87.96% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.73 vs -0.53), 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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