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HTCR vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

HTCR vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HeartCore Enterprises Inc (HTCR) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HTCR achieves a -49.54% return, which is significantly lower than SPY's 11.30% return.


HTCR

1D
-5.23%
1M
-7.23%
6M
-51.59%
YTD
-49.54%
1Y
-60.69%
3Y*
-50.52%
5Y*
10Y*

SPY

1D
0.43%
1M
2.04%
6M
9.35%
YTD
11.30%
1Y
22.40%
3Y*
20.99%
5Y*
13.15%
10Y*
15.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HTCR vs. SPY - Yearly Performance Comparison


2026 (YTD)2025202420232022
HTCR
HeartCore Enterprises Inc
-49.54%-80.25%199.21%-29.89%-81.80%
SPY
State Street SPDR S&P 500 ETF
11.30%17.72%24.89%26.18%-15.06%

Correlation

The correlation between HTCR and SPY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Feb 10, 2022

0.19

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Return for Risk

HTCR vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HTCR
HTCR Risk / Return Rank: 2525
Overall Rank
HTCR Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
HTCR Sortino Ratio Rank: 2929
Sortino Ratio Rank
HTCR Omega Ratio Rank: 3030
Omega Ratio Rank
HTCR Calmar Ratio Rank: 1818
Calmar Ratio Rank
HTCR Martin Ratio Rank: 2525
Martin Ratio Rank

SPY
SPY Risk / Return Rank: 6767
Overall Rank
SPY Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6666
Sortino Ratio Rank
SPY Omega Ratio Rank: 6767
Omega Ratio Rank
SPY Calmar Ratio Rank: 6262
Calmar Ratio Rank
SPY Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HTCR vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HeartCore Enterprises Inc (HTCR) 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.


HTCRSPYDifference
Sharpe ratioReturn per unit of total volatility

-2.22

Sortino ratioReturn per unit of downside risk

-2.62

Omega ratioGain probability vs. loss probability

0.98

1.32

-0.34

Calmar ratioReturn relative to maximum drawdown

-0.70

2.48

-3.18

Martin ratioReturn relative to average drawdown

-0.95

10.83

-11.78

HTCR vs. SPY - Sharpe Ratio Comparison

The current HTCR Sharpe Ratio is -0.46, which is lower than the SPY Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of HTCR and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

HTCR vs. SPY - Drawdown Comparison

The maximum HTCR drawdown since its inception was -96.75%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HTCR and SPY.


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Drawdown Indicators


HTCRSPYDifference

Max Drawdown

Largest peak-to-trough decline

-96.75%

-55.19%

-41.56%

Max Drawdown (1Y)

Largest decline over 1 year

-88.02%

-8.88%

-79.14%

Max Drawdown (3Y)

Largest decline over 3 years

-94.56%

-18.76%

-75.80%

Max Drawdown (5Y)

Largest decline over 5 years

-24.50%

Max Drawdown (10Y)

Largest decline over 10 years

-33.72%

Current Drawdown

Current decline from peak

-96.19%

-0.35%

-95.84%

Average Drawdown

Average peak-to-trough decline

-78.88%

-9.03%

-69.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

64.16%

2.03%

+62.13%

Volatility

HTCR vs. SPY - Volatility Comparison

HeartCore Enterprises Inc (HTCR) has a higher volatility of 22.59% compared to State Street SPDR S&P 500 ETF (SPY) at 4.52%. This indicates that HTCR'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


HTCRSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

22.59%

4.52%

+18.07%

Volatility (6M)

Calculated over the trailing 6-month period

73.97%

9.98%

+63.99%

Volatility (1Y)

Calculated over the trailing 1-year period

133.78%

12.55%

+121.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

142.81%

17.16%

+125.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

142.81%

17.92%

+124.89%

Dividends

HTCR vs. SPY - Dividend Comparison

HTCR's dividend yield for the trailing twelve months is around 84.42%, more than SPY's 1.00% yield.


PositionTTM20252024202320222021202020192018201720162015
HTCR
HeartCore Enterprises Inc
84.42%42.60%2.20%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


HTCR and SPY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HTCR has higher volatility (22.59%) compared to SPY (4.52%). In terms of maximum drawdown, HTCR dropped -96.75% vs SPY's -55.19%.

SPY currently has the higher Sharpe Ratio (1.76 vs -0.46), 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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