IPA vs. SPY
Compare and contrast key facts about Immunoprecise Antibodies Ltd (IPA) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IPA or SPY.
Correlation
The correlation between IPA and SPY is 0.13, 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
IPA vs. SPY - Performance Comparison
Key characteristics
IPA:
-0.81
SPY:
1.72
IPA:
-1.77
SPY:
2.33
IPA:
0.81
SPY:
1.32
IPA:
-0.81
SPY:
2.61
IPA:
-1.28
SPY:
10.82
IPA:
61.66%
SPY:
2.03%
IPA:
97.38%
SPY:
12.75%
IPA:
-98.14%
SPY:
-55.19%
IPA:
-97.58%
SPY:
-1.05%
Returns By Period
In the year-to-date period, IPA achieves a 10.03% return, which is significantly higher than SPY's 2.95% return.
IPA
10.03%
-13.05%
-33.38%
-77.01%
-27.28%
N/A
SPY
2.95%
3.78%
11.68%
23.68%
14.09%
13.13%
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Risk-Adjusted Performance
IPA vs. SPY — Risk-Adjusted Performance Rank
IPA
SPY
IPA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Immunoprecise Antibodies Ltd (IPA) and 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.
Dividends
IPA vs. SPY - Dividend Comparison
IPA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPA Immunoprecise Antibodies Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IPA vs. SPY - Drawdown Comparison
The maximum IPA drawdown since its inception was -98.14%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IPA and SPY. For additional features, visit the drawdowns tool.
Volatility
IPA vs. SPY - Volatility Comparison
Immunoprecise Antibodies Ltd (IPA) has a higher volatility of 40.83% compared to SPDR S&P 500 ETF (SPY) at 3.45%. This indicates that IPA'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.