INV vs. SPYM
INV (Innventure, Inc) is a stock, while SPYM (State Street SPDR Portfolio S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past year, INV returned 14.50% vs 26.75% for SPYM. At a 0.23 correlation, their price movements are largely independent.
Performance
INV vs. SPYM - Performance Comparison
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Returns By Period
In the year-to-date period, INV achieves a 45.45% return, which is significantly higher than SPYM's 9.79% return.
INV
- 1D
- -8.30%
- 1M
- -8.43%
- YTD
- 45.45%
- 6M
- 39.77%
- 1Y
- 14.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYM
- 1D
- -0.32%
- 1M
- 0.12%
- YTD
- 9.79%
- 6M
- 9.30%
- 1Y
- 26.75%
- 3Y*
- 21.36%
- 5Y*
- 13.59%
- 10Y*
- 15.78%
INV vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
INV Innventure, Inc | 45.45% | -69.82% | 2.59% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 9.79% | 17.79% | 3.40% |
Correlation
The correlation between INV and SPYM is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | 0.23 |
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Return for Risk
INV vs. SPYM — Risk / Return Rank
INV
SPYM
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.
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.
| INV | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 3.02 | -2.78 |
| Martin ratioReturn relative to average drawdown | 0.43 | 13.57 | -13.14 |
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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.
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Drawdown Indicators
| INV | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.59% | -54.46% | -27.13% |
Max Drawdown (1Y)Largest decline over 1 year | -62.17% | -8.90% | -53.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.87% | — |
Current DrawdownCurrent decline from peak | -56.10% | -1.73% | -54.37% |
Average DrawdownAverage peak-to-trough decline | -52.98% | -7.14% | -45.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.50% | 1.98% | +31.52% |
Volatility
INV vs. SPYM - Volatility Comparison
Innventure, Inc (INV) has a higher volatility of 33.05% compared to State Street SPDR Portfolio S&P 500 ETF (SPYM) at 4.61%. 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.
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Volatility by Period
| INV | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.05% | 4.61% | +28.44% |
Volatility (6M)Calculated over the trailing 6-month period | 82.49% | 9.74% | +72.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 121.53% | 12.39% | +109.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.13% | 16.89% | +96.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.13% | 18.05% | +95.08% |
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 1.28%.
| Position | 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 | 1.28% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
Frequently Asked Questions
INV and SPYM have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INV has higher volatility (33.05%) compared to SPYM (4.61%). In terms of maximum drawdown, INV dropped -81.59% vs SPYM's -54.46%.
SPYM currently has the higher Sharpe Ratio (2.17 vs 0.12), 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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