LNZA vs. SPY
LNZA (LanzaTech Global Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, LNZA returned -79.21%/yr vs 20.89%/yr for SPY. At a 0.19 correlation, their price movements are largely independent.
Performance
LNZA vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, LNZA achieves a -59.88% return, which is significantly lower than SPY's 8.25% return.
LNZA
- 1D
- -4.66%
- 1M
- -24.69%
- YTD
- -59.88%
- 6M
- -56.84%
- 1Y
- -83.66%
- 3Y*
- -79.21%
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- 0.14%
- 1M
- -1.92%
- YTD
- 8.25%
- 6M
- 6.93%
- 1Y
- 22.29%
- 3Y*
- 20.89%
- 5Y*
- 12.99%
- 10Y*
- 15.75%
LNZA vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LNZA LanzaTech Global Inc. | -59.88% | -89.96% | -72.76% | -49.60% | 3.31% | -2.42% |
SPY State Street SPDR S&P 500 ETF | 8.25% | 17.72% | 24.89% | 26.18% | -18.18% | 7.55% |
Correlation
The correlation between LNZA and SPY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.19 |
The correlation between LNZA and SPY shifts across timeframes, from 0.15 (1 year) to 0.27 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LNZA vs. SPY — Risk / Return Rank
LNZA
SPY
LNZA vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LanzaTech Global Inc. (LNZA) 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.
| LNZA | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.33 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.52 | -3.44 |
| Martin ratioReturn relative to average drawdown | -1.24 | 11.15 | -12.39 |
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Drawdowns
LNZA vs. SPY - Drawdown Comparison
The maximum LNZA drawdown since its inception was -99.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LNZA and SPY.
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Drawdown Indicators
| LNZA | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -55.19% | -44.31% |
Max Drawdown (1Y)Largest decline over 1 year | -91.07% | -8.88% | -82.19% |
Max Drawdown (3Y)Largest decline over 3 years | -99.38% | -18.76% | -80.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -99.47% | -3.08% | -96.39% |
Average DrawdownAverage peak-to-trough decline | -56.98% | -9.03% | -47.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.47% | 2.00% | +65.47% |
Volatility
LNZA vs. SPY - Volatility Comparison
LanzaTech Global Inc. (LNZA) has a higher volatility of 46.89% compared to State Street SPDR S&P 500 ETF (SPY) at 4.79%. This indicates that LNZA'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
| LNZA | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.89% | 4.79% | +42.10% |
Volatility (6M)Calculated over the trailing 6-month period | 129.94% | 9.80% | +120.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 165.44% | 12.43% | +153.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.94% | 17.15% | +96.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.94% | 17.95% | +95.99% |
Dividends
LNZA vs. SPY - Dividend Comparison
LNZA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LNZA LanzaTech Global 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 | 1.02% | 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
LNZA and SPY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LNZA has higher volatility (46.89%) compared to SPY (4.79%). In terms of maximum drawdown, LNZA dropped -99.50% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.80 vs -0.51), 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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