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 -41.90%/yr vs 13.02%/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 -24.44% return, which is significantly lower than SPY's 9.58% return.
ICP-USD
- 1D
- 1.04%
- 1M
- -8.50%
- 6M
- -48.70%
- YTD
- -24.44%
- 1Y
- -62.76%
- 3Y*
- -19.26%
- 5Y*
- -41.90%
- 10Y*
- —
SPY
- 1D
- -0.99%
- 1M
- 0.57%
- 6M
- 8.04%
- YTD
- 9.58%
- 1Y
- 19.66%
- 3Y*
- 19.32%
- 5Y*
- 13.02%
- 10Y*
- 14.97%
ICP-USD vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICP-USD Internet Computer | -24.44% | -71.20% | -25.93% | 237.58% | -83.87% | -96.12% |
SPY State Street SPDR S&P 500 ETF | 9.58% | 17.72% | 24.89% | 26.18% | -18.18% | 13.65% |
Correlation
The correlation between ICP-USD and SPY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
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 | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.22 | -3.04 |
| Martin ratioReturn relative to average drawdown | -1.07 | 9.66 | -10.73 |
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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% | -1.89% | -97.77% |
Average DrawdownAverage peak-to-trough decline | -97.72% | -9.02% | -88.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.25% | 2.04% | +66.21% |
Volatility
ICP-USD vs. SPY - Volatility Comparison
Internet Computer (ICP-USD) has a higher volatility of 12.49% compared to State Street SPDR S&P 500 ETF (SPY) at 3.67%. 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 | 12.49% | 3.67% | +8.82% |
Volatility (6M)Calculated over the trailing 6-month period | 59.33% | 10.06% | +49.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.38% | 12.63% | +77.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.43% | 17.17% | +69.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.84% | 17.93% | +74.91% |
Frequently Asked Questions
ICP-USD and SPY have a correlation of 0.22, 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 (12.49%) compared to SPY (3.67%). In terms of maximum drawdown, ICP-USD dropped -99.67% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.57 vs -0.58), 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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