IRMD vs. SPY
Compare and contrast key facts about IRadimed Corporation (IRMD) 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: IRMD or SPY.
Correlation
The correlation between IRMD and SPY is 0.26, 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
IRMD vs. SPY - Performance Comparison
Key characteristics
IRMD:
0.89
SPY:
1.88
IRMD:
1.39
SPY:
2.53
IRMD:
1.17
SPY:
1.35
IRMD:
1.30
SPY:
2.83
IRMD:
5.50
SPY:
11.74
IRMD:
4.88%
SPY:
2.02%
IRMD:
30.29%
SPY:
12.64%
IRMD:
-75.83%
SPY:
-55.19%
IRMD:
-8.82%
SPY:
-0.42%
Returns By Period
In the year-to-date period, IRMD achieves a 3.89% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, IRMD has outperformed SPY with an annualized return of 15.44%, while SPY has yielded a comparatively lower 13.18% annualized return.
IRMD
3.89%
-5.29%
28.16%
33.22%
17.39%
15.44%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
IRMD vs. SPY — Risk-Adjusted Performance Rank
IRMD
SPY
IRMD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IRadimed Corporation (IRMD) 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
IRMD vs. SPY - Dividend Comparison
IRMD's dividend yield for the trailing twelve months is around 0.79%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRMD IRadimed Corporation | 0.79% | 0.82% | 3.54% | 3.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IRMD vs. SPY - Drawdown Comparison
The maximum IRMD drawdown since its inception was -75.83%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IRMD and SPY. For additional features, visit the drawdowns tool.
Volatility
IRMD vs. SPY - Volatility Comparison
IRadimed Corporation (IRMD) has a higher volatility of 11.54% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that IRMD'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.