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IRON vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IRON vs. SPY - Performance Comparison

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

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Returns By Period

In the year-to-date period, IRON achieves a -11.28% return, which is significantly lower than SPY's 8.15% return.


IRON

1D
-0.49%
1M
5.43%
YTD
-11.28%
6M
-11.74%
1Y
36.32%
3Y*
10.32%
5Y*
1.38%
10Y*

SPY

1D
-1.45%
1M
-1.36%
YTD
8.15%
6M
7.20%
1Y
23.59%
3Y*
20.68%
5Y*
13.05%
10Y*
15.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IRON vs. SPY - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
IRON
Disc Medicine Inc.
-11.28%25.25%9.76%190.40%-31.65%-73.55%7.32%
SPY
State Street SPDR S&P 500 ETF
8.15%17.72%24.89%26.18%-18.18%28.73%13.27%

Correlation

The correlation between IRON and SPY 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 (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Aug 12, 2020

0.23

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Return for Risk

IRON vs. SPY — Risk / Return Rank

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

IRON
IRON Risk / Return Rank: 6363
Overall Rank
IRON Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
IRON Sortino Ratio Rank: 6262
Sortino Ratio Rank
IRON Omega Ratio Rank: 6464
Omega Ratio Rank
IRON Calmar Ratio Rank: 6262
Calmar Ratio Rank
IRON Martin Ratio Rank: 6161
Martin Ratio Rank

SPY
SPY Risk / Return Rank: 5959
Overall Rank
SPY Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 5656
Sortino Ratio Rank
SPY Omega Ratio Rank: 5757
Omega Ratio Rank
SPY Calmar Ratio Rank: 5656
Calmar Ratio Rank
SPY Martin Ratio Rank: 6767
Martin Ratio Rank
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.

IRON vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Disc Medicine Inc. (IRON) and State Street 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.

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.


IRONSPYDifference
Sharpe ratioReturn per unit of total volatility

-1.21

Sortino ratioReturn per unit of downside risk

-1.33

Omega ratioGain probability vs. loss probability

1.18

1.34

-0.16

Calmar ratioReturn relative to maximum drawdown

0.90

2.67

-1.77

Martin ratioReturn relative to average drawdown

1.90

11.92

-10.02

IRON vs. SPY - Sharpe Ratio Comparison

The current IRON Sharpe Ratio is 0.69, which is lower than the SPY Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of IRON and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

IRON vs. SPY - Drawdown Comparison

The maximum IRON drawdown since its inception was -93.22%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IRON and SPY.


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Drawdown Indicators


IRONSPYDifference

Max Drawdown

Largest peak-to-trough decline

-93.22%

-55.19%

-38.03%

Max Drawdown (1Y)

Largest decline over 1 year

-40.55%

-8.88%

-31.67%

Max Drawdown (3Y)

Largest decline over 3 years

-64.79%

-18.76%

-46.03%

Max Drawdown (5Y)

Largest decline over 5 years

-81.14%

-24.50%

-56.64%

Max Drawdown (10Y)

Largest decline over 10 years

-33.72%

Current Drawdown

Current decline from peak

-60.86%

-3.17%

-57.69%

Average Drawdown

Average peak-to-trough decline

-66.39%

-9.04%

-57.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.13%

1.98%

+17.15%

Volatility

IRON vs. SPY - Volatility Comparison

Disc Medicine Inc. (IRON) has a higher volatility of 12.03% compared to State Street SPDR S&P 500 ETF (SPY) at 4.87%. This indicates that IRON'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.


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Volatility by Period


IRONSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.03%

4.87%

+7.16%

Volatility (6M)

Calculated over the trailing 6-month period

43.87%

9.85%

+34.02%

Volatility (1Y)

Calculated over the trailing 1-year period

53.21%

12.50%

+40.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

69.12%

17.15%

+51.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

69.34%

17.95%

+51.39%

Dividends

IRON vs. SPY - Dividend Comparison

IRON has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.03%.


PositionTTM20252024202320222021202020192018201720162015
IRON
Disc Medicine 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%
SPY
State Street SPDR S&P 500 ETF
1.03%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions


IRON and SPY 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.

IRON has higher volatility (12.03%) compared to SPY (4.87%). In terms of maximum drawdown, IRON dropped -93.22% vs SPY's -55.19%.

SPY currently has the higher Sharpe Ratio (1.90 vs 0.69), 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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