LX vs. SPY
LX (LexinFintech Holdings Ltd.) 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 5 years, LX returned -27.29%/yr vs 12.94%/yr for SPY. At a 0.32 correlation, their price movements are largely independent.
Performance
LX vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, LX achieves a -50.40% return, which is significantly lower than SPY's 10.45% return.
LX
- 1D
- -6.58%
- 1M
- -29.72%
- 6M
- -48.34%
- YTD
- -50.40%
- 1Y
- -76.25%
- 3Y*
- -7.35%
- 5Y*
- -27.29%
- 10Y*
- —
SPY
- 1D
- -0.77%
- 1M
- 1.26%
- 6M
- 8.34%
- YTD
- 10.45%
- 1Y
- 21.46%
- 3Y*
- 20.07%
- 5Y*
- 12.94%
- 10Y*
- 15.08%
LX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LX LexinFintech Holdings Ltd. | -50.40% | -40.97% | 242.61% | 6.40% | -50.78% | -42.39% | -51.76% | 91.59% | -47.84% | 1,077.97% |
SPY State Street SPDR S&P 500 ETF | 10.45% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | -0.06% |
Correlation
The correlation between LX and SPY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2017 | 0.32 |
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Return for Risk
LX vs. SPY — Risk / Return Rank
LX
SPY
LX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LexinFintech Holdings Ltd. (LX) 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.
| LX | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.91 | ||
| Sortino ratioReturn per unit of downside risk | -4.98 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.31 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.43 | -3.41 |
| Martin ratioReturn relative to average drawdown | -1.44 | 10.57 | -12.02 |
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Drawdowns
LX vs. SPY - Drawdown Comparison
The maximum LX drawdown since its inception was -93.19%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LX and SPY.
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Drawdown Indicators
| LX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.19% | -55.19% | -38.00% |
Max Drawdown (1Y)Largest decline over 1 year | -77.47% | -8.88% | -68.59% |
Max Drawdown (3Y)Largest decline over 3 years | -85.14% | -18.76% | -66.38% |
Max Drawdown (5Y)Largest decline over 5 years | -87.40% | -24.50% | -62.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -89.38% | -1.12% | -88.26% |
Average DrawdownAverage peak-to-trough decline | -63.54% | -9.02% | -54.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.77% | 2.03% | +50.74% |
Volatility
LX vs. SPY - Volatility Comparison
LexinFintech Holdings Ltd. (LX) has a higher volatility of 13.92% compared to State Street SPDR S&P 500 ETF (SPY) at 4.26%. This indicates that LX'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
| LX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.92% | 4.26% | +9.66% |
Volatility (6M)Calculated over the trailing 6-month period | 38.53% | 10.01% | +28.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.91% | 12.60% | +51.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.41% | 17.17% | +56.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 321.72% | 17.93% | +303.79% |
Dividends
LX vs. SPY - Dividend Comparison
LX's dividend yield for the trailing twelve months is around 25.64%, more than SPY's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LX LexinFintech Holdings Ltd. | 25.64% | 9.30% | 2.38% | 11.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 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
LX and SPY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LX has higher volatility (13.92%) compared to SPY (4.26%). In terms of maximum drawdown, LX dropped -93.19% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.71 vs -1.20), 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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