HQY vs. SPY
Compare and contrast key facts about HealthEquity, Inc. (HQY) 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: HQY or SPY.
Correlation
The correlation between HQY and SPY is 0.39, 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
HQY vs. SPY - Performance Comparison
Key characteristics
HQY:
0.01
SPY:
0.20
HQY:
0.28
SPY:
0.42
HQY:
1.04
SPY:
1.06
HQY:
0.01
SPY:
0.21
HQY:
0.04
SPY:
0.92
HQY:
11.00%
SPY:
4.30%
HQY:
40.22%
SPY:
19.83%
HQY:
-60.65%
SPY:
-55.19%
HQY:
-29.96%
SPY:
-15.91%
Returns By Period
In the year-to-date period, HQY achieves a -16.41% return, which is significantly lower than SPY's -12.06% return. Over the past 10 years, HQY has outperformed SPY with an annualized return of 12.17%, while SPY has yielded a comparatively lower 11.22% annualized return.
HQY
-16.41%
-5.51%
-8.59%
-0.85%
10.49%
12.17%
SPY
-12.06%
-8.88%
-11.39%
5.10%
14.70%
11.22%
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Risk-Adjusted Performance
HQY vs. SPY — Risk-Adjusted Performance Rank
HQY
SPY
HQY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HealthEquity, Inc. (HQY) 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.
Dividends
HQY vs. SPY - Dividend Comparison
HQY has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.39%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQY HealthEquity, 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 | 1.39% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HQY vs. SPY - Drawdown Comparison
The maximum HQY drawdown since its inception was -60.65%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HQY and SPY. For additional features, visit the drawdowns tool.
Volatility
HQY vs. SPY - Volatility Comparison
HealthEquity, Inc. (HQY) has a higher volatility of 16.86% compared to SPDR S&P 500 ETF (SPY) at 14.67%. This indicates that HQY'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.