ICAD vs. SPY
Compare and contrast key facts about iCAD, Inc. (ICAD) 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: ICAD or SPY.
Correlation
The correlation between ICAD 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
ICAD vs. SPY - Performance Comparison
Key characteristics
ICAD:
0.14
SPY:
2.21
ICAD:
0.82
SPY:
2.93
ICAD:
1.10
SPY:
1.41
ICAD:
0.11
SPY:
3.26
ICAD:
0.37
SPY:
14.43
ICAD:
29.87%
SPY:
1.90%
ICAD:
79.43%
SPY:
12.41%
ICAD:
-99.16%
SPY:
-55.19%
ICAD:
-98.64%
SPY:
-2.74%
Returns By Period
In the year-to-date period, ICAD achieves a 3.39% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, ICAD has underperformed SPY with an annualized return of -15.22%, while SPY has yielded a comparatively higher 12.97% annualized return.
ICAD
3.39%
18.45%
28.87%
9.58%
-24.71%
-15.22%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
ICAD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iCAD, Inc. (ICAD) 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
ICAD vs. SPY - Dividend Comparison
ICAD has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICAD iCAD, 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 | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ICAD vs. SPY - Drawdown Comparison
The maximum ICAD drawdown since its inception was -99.16%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ICAD and SPY. For additional features, visit the drawdowns tool.
Volatility
ICAD vs. SPY - Volatility Comparison
iCAD, Inc. (ICAD) has a higher volatility of 18.56% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that ICAD'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.