INV vs. SPYM

Last updated Apr 1, 2026

Compare and contrast key facts about Innventure, Inc (INV) and State Street SPDR Portfolio S&P 500 ETF (SPYM).

SPYM is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 8, 2005.

Performance

INV vs. SPYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innventure, Inc (INV) and State Street SPDR Portfolio S&P 500 ETF (SPYM). The values are adjusted to include any dividend payments, if applicable.

INV vs. SPYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INV Innventure, Inc	-6.46%	-69.82%	2.34%
SPYM State Street SPDR Portfolio S&P 500 ETF	-4.35%	17.79%	3.57%

Returns By Period

In the year-to-date period, INV achieves a -6.46% return, which is significantly lower than SPYM's -4.35% return.

INV

• 1D: 8.31%
• 1M: 37.68%
• YTD: -6.46%
• 6M: -32.47%
• 1Y: -49.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYM

• 1D: 2.90%
• 1M: -4.99%
• YTD: -4.35%
• 6M: -1.77%
• 1Y: 17.73%
• 3Y*: 18.27%
• 5Y*: 11.77%
• 10Y*: 14.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

INV vs. SPYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INV

INV Risk / Return Rank: 24
INV Sharpe Ratio Rank: 23
INV Sortino Ratio Rank: 31
INV Omega Ratio Rank: 30
INV Calmar Ratio Rank: 15
INV Martin Ratio Rank: 20

SPYM

SPYM Risk / Return Rank: 65
SPYM Sharpe Ratio Rank: 59
SPYM Sortino Ratio Rank: 62
SPYM Omega Ratio Rank: 66
SPYM Calmar Ratio Rank: 65
SPYM Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INV vs. SPYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innventure, Inc (INV) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.

	INV	SPYM	Difference
Sharpe ratio Return per unit of total volatility	-0.41	0.98	-1.38
Sortino ratio Return per unit of downside risk	0.07	1.49	-1.43
Omega ratio Gain probability vs. loss probability	1.01	1.23	-0.22
Calmar ratio Return relative to maximum drawdown	-0.74	1.53	-2.27
Martin ratio Return relative to average drawdown	-1.11	7.31	-8.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INV vs. SPYM - Sharpe Ratio Comparison

The current INV Sharpe Ratio is -0.41, which is lower than the SPYM Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of INV and SPYM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	INV	SPYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	0.98	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	0.58	-1.10

Correlation

The correlation between INV and SPYM is 0.22, 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.

Dividends

INV vs. SPYM - Dividend Comparison

INV has not paid dividends to shareholders, while SPYM's dividend yield for the trailing twelve months is around 1.16%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INV Innventure, 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%
SPYM State Street SPDR Portfolio S&P 500 ETF	1.16%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%

Drawdowns

INV vs. SPYM - Drawdown Comparison

The maximum INV drawdown since its inception was -81.59%, which is greater than SPYM's maximum drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for INV and SPYM.

Drawdown Indicators

	INV	SPYM	Difference
Max Drawdown Largest peak-to-trough decline	-81.59%	-54.46%	-27.13%
Max Drawdown (1Y) Largest decline over 1 year	-62.17%	-12.02%	-50.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.87%	—
Current Drawdown Current decline from peak	-71.77%	-6.26%	-65.51%
Average Drawdown Average peak-to-trough decline	-52.52%	-7.21%	-45.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.43%	2.52%	+41.91%

Volatility

INV vs. SPYM - Volatility Comparison

Innventure, Inc (INV) has a higher volatility of 28.07% compared to State Street SPDR Portfolio S&P 500 ETF (SPYM) at 5.28%. This indicates that INV's price experiences larger fluctuations and is considered to be riskier than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INV	SPYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.07%	5.28%	+22.79%
Volatility (6M) Calculated over the trailing 6-month period	94.89%	9.46%	+85.43%
Volatility (1Y) Calculated over the trailing 1-year period	121.40%	18.24%	+103.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.92%	16.81%	+93.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.92%	17.99%	+91.93%