HROW vs. SPY
Compare and contrast key facts about Harrow Health, Inc. (HROW) 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: HROW or SPY.
Correlation
The correlation between HROW and SPY is 0.14, 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
HROW vs. SPY - Performance Comparison
Key characteristics
HROW:
1.56
SPY:
1.30
HROW:
2.98
SPY:
1.77
HROW:
1.36
SPY:
1.24
HROW:
1.45
SPY:
2.00
HROW:
5.85
SPY:
7.99
HROW:
22.96%
SPY:
2.10%
HROW:
86.31%
SPY:
12.95%
HROW:
-99.46%
SPY:
-55.19%
HROW:
-81.43%
SPY:
-4.76%
Returns By Period
In the year-to-date period, HROW achieves a -23.61% return, which is significantly lower than SPY's -0.39% return. Both investments have delivered pretty close results over the past 10 years, with HROW having a 12.87% annualized return and SPY not far ahead at 12.89%.
HROW
-23.61%
-16.57%
-36.65%
134.06%
32.59%
12.87%
SPY
-0.39%
-3.00%
4.23%
15.29%
15.08%
12.89%
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Risk-Adjusted Performance
HROW vs. SPY — Risk-Adjusted Performance Rank
HROW
SPY
HROW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harrow Health, Inc. (HROW) 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
HROW vs. SPY - Dividend Comparison
HROW has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HROW Harrow Health, 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 | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HROW vs. SPY - Drawdown Comparison
The maximum HROW drawdown since its inception was -99.46%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HROW and SPY. For additional features, visit the drawdowns tool.
Volatility
HROW vs. SPY - Volatility Comparison
Harrow Health, Inc. (HROW) has a higher volatility of 16.41% compared to SPDR S&P 500 ETF (SPY) at 4.00%. This indicates that HROW'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.