ICP-USD vs. SPY
Compare and contrast key facts about Internet Computer (ICP-USD) 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: ICP-USD or SPY.
Key characteristics
ICP-USD | SPY | |
---|---|---|
YTD Return | -36.47% | 20.68% |
1Y Return | 191.69% | 33.51% |
3Y Return (Ann) | -42.60% | 11.08% |
Sharpe Ratio | -0.46 | 2.47 |
Daily Std Dev | 86.97% | 12.66% |
Max Drawdown | -99.32% | -55.19% |
Current Drawdown | -98.02% | -0.17% |
Correlation
The correlation between ICP-USD and SPY is 0.23, 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
ICP-USD vs. SPY - Performance Comparison
In the year-to-date period, ICP-USD achieves a -36.47% return, which is significantly lower than SPY's 20.68% 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
ICP-USD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Internet Computer (ICP-USD) 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.
Drawdowns
ICP-USD vs. SPY - Drawdown Comparison
The maximum ICP-USD drawdown since its inception was -99.32%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ICP-USD and SPY. For additional features, visit the drawdowns tool.
Volatility
ICP-USD vs. SPY - Volatility Comparison
Internet Computer (ICP-USD) has a higher volatility of 24.56% compared to SPDR S&P 500 ETF (SPY) at 4.16%. This indicates that ICP-USD'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.