FUTU vs. SPY
FUTU (Futu Holdings Limited) 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, FUTU returned -9.33%/yr vs 13.51%/yr for SPY. At a 0.37 correlation, their price movements are largely independent.
Performance
FUTU vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, FUTU achieves a -38.14% return, which is significantly lower than SPY's 9.74% return.
FUTU
- 1D
- 3.45%
- 1M
- 11.37%
- YTD
- -38.14%
- 6M
- -38.62%
- 1Y
- -11.14%
- 3Y*
- 38.67%
- 5Y*
- -9.33%
- 10Y*
- —
SPY
- 1D
- -0.31%
- 1M
- 0.09%
- YTD
- 9.74%
- 6M
- 9.27%
- 1Y
- 26.65%
- 3Y*
- 21.27%
- 5Y*
- 13.51%
- 10Y*
- 15.70%
FUTU vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FUTU Futu Holdings Limited | -38.14% | 105.29% | 49.87% | 34.39% | -6.12% | -5.36% | 343.31% | -30.08% |
SPY State Street SPDR S&P 500 ETF | 9.74% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 19.25% |
Correlation
The correlation between FUTU and SPY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.37 |
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Return for Risk
FUTU vs. SPY — Risk / Return Rank
FUTU
SPY
FUTU vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Futu Holdings Limited (FUTU) 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.
| FUTU | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.39 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 3.01 | -3.22 |
| Martin ratioReturn relative to average drawdown | -0.51 | 13.54 | -14.05 |
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Drawdowns
FUTU vs. SPY - Drawdown Comparison
The maximum FUTU drawdown since its inception was -87.23%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FUTU and SPY.
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Drawdown Indicators
| FUTU | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.23% | -55.19% | -32.04% |
Max Drawdown (1Y)Largest decline over 1 year | -54.18% | -8.88% | -45.30% |
Max Drawdown (3Y)Largest decline over 3 years | -54.18% | -18.76% | -35.42% |
Max Drawdown (5Y)Largest decline over 5 years | -86.42% | -24.50% | -61.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -48.97% | -1.75% | -47.22% |
Average DrawdownAverage peak-to-trough decline | -47.54% | -9.04% | -38.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.77% | 1.97% | +19.80% |
Volatility
FUTU vs. SPY - Volatility Comparison
Futu Holdings Limited (FUTU) has a higher volatility of 39.41% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that FUTU'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
| FUTU | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.41% | 4.64% | +34.77% |
Volatility (6M)Calculated over the trailing 6-month period | 51.06% | 9.75% | +41.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.17% | 12.43% | +49.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.62% | 17.14% | +55.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.09% | 17.99% | +57.10% |
Dividends
FUTU vs. SPY - Dividend Comparison
FUTU's dividend yield for the trailing twelve months is around 2.60%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTU Futu Holdings Limited | 2.60% | 0.00% | 2.50% | 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
FUTU and SPY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUTU has higher volatility (39.41%) compared to SPY (4.64%). In terms of maximum drawdown, FUTU dropped -87.23% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (2.16 vs -0.18), 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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