GLUE vs. ^XMI
Compare and contrast key facts about Monte Rosa Therapeutics, Inc. (GLUE) and NYSE Arca Major Market Index (^XMI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLUE or ^XMI.
Key characteristics
| GLUE | ^XMI | |
|---|---|---|
| YTD Return | 5.31% | 13.22% |
| 1Y Return | -1.49% | 20.82% |
| 3Y Return (Ann) | -42.23% | 8.23% |
| Sharpe Ratio | -0.01 | 2.04 |
| Daily Std Dev | 110.94% | 10.08% |
| Max Drawdown | -94.08% | -47.65% |
| Current Drawdown | -85.90% | -0.37% |
Correlation
The correlation between GLUE and ^XMI is 0.27, 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
GLUE vs. ^XMI - Performance Comparison
In the year-to-date period, GLUE achieves a 5.31% return, which is significantly lower than ^XMI's 13.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GLUE vs. ^XMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Monte Rosa Therapeutics, Inc. (GLUE) and NYSE Arca Major Market Index (^XMI). 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.
Drawdowns
GLUE vs. ^XMI - Drawdown Comparison
The maximum GLUE drawdown since its inception was -94.08%, which is greater than ^XMI's maximum drawdown of -47.65%. Use the drawdown chart below to compare losses from any high point for GLUE and ^XMI. For additional features, visit the drawdowns tool.
Volatility
GLUE vs. ^XMI - Volatility Comparison
Monte Rosa Therapeutics, Inc. (GLUE) has a higher volatility of 36.58% compared to NYSE Arca Major Market Index (^XMI) at 3.25%. This indicates that GLUE's price experiences larger fluctuations and is considered to be riskier than ^XMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.