ICP-USD vs. SPY
ICP-USD (Internet Computer) is a cryptocurrency, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, ICP-USD returned -41.05%/yr vs 12.99%/yr for SPY. At a 0.24 correlation, their price movements are largely independent.
Performance
ICP-USD vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, ICP-USD achieves a -23.84% return, which is significantly lower than SPY's 8.25% return.
ICP-USD
- 1D
- -1.32%
- 1M
- -18.52%
- YTD
- -23.84%
- 6M
- -27.49%
- 1Y
- -55.20%
- 3Y*
- -20.25%
- 5Y*
- -41.05%
- 10Y*
- —
SPY
- 1D
- 0.14%
- 1M
- -1.92%
- YTD
- 8.25%
- 6M
- 6.93%
- 1Y
- 22.29%
- 3Y*
- 20.89%
- 5Y*
- 12.99%
- 10Y*
- 15.75%
ICP-USD vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICP-USD Internet Computer | -23.84% | -71.20% | -25.93% | 237.58% | -83.87% | -96.12% |
SPY State Street SPDR S&P 500 ETF | 8.25% | 17.72% | 24.89% | 26.18% | -18.18% | 13.65% |
Correlation
The correlation between ICP-USD and SPY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 9, 2021 | 0.24 |
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Return for Risk
ICP-USD vs. SPY — Risk / Return Rank
ICP-USD
SPY
ICP-USD vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Internet Computer (ICP-USD) 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.
| ICP-USD | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.33 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.52 | -3.24 |
| Martin ratioReturn relative to average drawdown | -0.99 | 11.15 | -12.14 |
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Drawdowns
ICP-USD vs. SPY - Drawdown Comparison
The maximum ICP-USD drawdown since its inception was -99.67%, 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.
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Drawdown Indicators
| ICP-USD | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -55.19% | -44.48% |
Max Drawdown (1Y)Largest decline over 1 year | -76.70% | -8.88% | -67.82% |
Max Drawdown (3Y)Largest decline over 3 years | -89.03% | -18.76% | -70.27% |
Max Drawdown (5Y)Largest decline over 5 years | -97.38% | -24.50% | -72.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -99.66% | -3.08% | -96.58% |
Average DrawdownAverage peak-to-trough decline | -97.69% | -9.03% | -88.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.52% | 2.00% | +62.52% |
Volatility
ICP-USD vs. SPY - Volatility Comparison
Internet Computer (ICP-USD) has a higher volatility of 28.27% compared to State Street SPDR S&P 500 ETF (SPY) at 4.79%. 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.
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Volatility by Period
| ICP-USD | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.27% | 4.79% | +23.48% |
Volatility (6M)Calculated over the trailing 6-month period | 66.30% | 9.80% | +56.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.83% | 12.43% | +78.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.55% | 17.15% | +71.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.30% | 17.95% | +75.35% |
Frequently Asked Questions
ICP-USD and SPY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICP-USD has higher volatility (28.27%) compared to SPY (4.79%). In terms of maximum drawdown, ICP-USD dropped -99.67% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.80 vs -0.51), 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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