INSP vs. SLYV
Compare and contrast key facts about Inspire Medical Systems, Inc. (INSP) and SPDR S&P 600 Small Cap Value ETF (SLYV).
SLYV is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Value Index. It was launched on Sep 29, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INSP or SLYV.
Key characteristics
| INSP | SLYV | |
|---|---|---|
| YTD Return | -0.68% | 15.22% |
| 1Y Return | 60.73% | 38.07% |
| 3Y Return (Ann) | -10.26% | 3.98% |
| 5Y Return (Ann) | 26.30% | 10.33% |
| Sharpe Ratio | 0.86 | 1.80 |
| Sortino Ratio | 1.45 | 2.63 |
| Omega Ratio | 1.24 | 1.32 |
| Calmar Ratio | 0.96 | 2.01 |
| Martin Ratio | 2.48 | 8.43 |
| Ulcer Index | 23.84% | 4.65% |
| Daily Std Dev | 69.05% | 21.86% |
| Max Drawdown | -61.59% | -61.32% |
| Current Drawdown | -38.04% | 0.00% |
Correlation
The correlation between INSP and SLYV is 0.36, 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
INSP vs. SLYV - Performance Comparison
In the year-to-date period, INSP achieves a -0.68% return, which is significantly lower than SLYV's 15.22% 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
INSP vs. SLYV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Inspire Medical Systems, Inc. (INSP) and SPDR S&P 600 Small Cap Value ETF (SLYV). 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
INSP vs. SLYV - Dividend Comparison
INSP has not paid dividends to shareholders, while SLYV's dividend yield for the trailing twelve months is around 2.07%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INSP Inspire Medical Systems, 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% |
SLYV SPDR S&P 600 Small Cap Value ETF | 2.07% | 2.11% | 1.47% | 1.94% | 1.40% | 1.66% | 2.14% | 5.53% | 2.18% | 6.55% | 7.50% | 1.58% |
Drawdowns
INSP vs. SLYV - Drawdown Comparison
The maximum INSP drawdown since its inception was -61.59%, roughly equal to the maximum SLYV drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for INSP and SLYV. For additional features, visit the drawdowns tool.
Volatility
INSP vs. SLYV - Volatility Comparison
Inspire Medical Systems, Inc. (INSP) has a higher volatility of 12.91% compared to SPDR S&P 600 Small Cap Value ETF (SLYV) at 7.48%. This indicates that INSP's price experiences larger fluctuations and is considered to be riskier than SLYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.