Correlation
The correlation between NKTX and SPY is 0.30, 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.
NKTX vs. SPY
Compare and contrast key facts about Nkarta, Inc. (NKTX) 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: NKTX or SPY.
Performance
NKTX vs. SPY - Performance Comparison
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Key characteristics
NKTX:
-0.81
SPY:
0.70
NKTX:
-1.67
SPY:
1.02
NKTX:
0.83
SPY:
1.15
NKTX:
-0.74
SPY:
0.68
NKTX:
-1.23
SPY:
2.57
NKTX:
59.33%
SPY:
4.93%
NKTX:
90.56%
SPY:
20.42%
NKTX:
-98.27%
SPY:
-55.19%
NKTX:
-97.70%
SPY:
-3.55%
Returns By Period
In the year-to-date period, NKTX achieves a -30.12% return, which is significantly lower than SPY's 0.87% return.
NKTX
-30.12%
-15.12%
-39.37%
-74.37%
-50.60%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
NKTX vs. SPY — Risk-Adjusted Performance Rank
NKTX
SPY
NKTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nkarta, Inc. (NKTX) 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.
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Dividends
NKTX vs. SPY - Dividend Comparison
NKTX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NKTX Nkarta, 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 SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NKTX vs. SPY - Drawdown Comparison
The maximum NKTX drawdown since its inception was -98.27%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NKTX and SPY.
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Volatility
NKTX vs. SPY - Volatility Comparison
Nkarta, Inc. (NKTX) has a higher volatility of 18.22% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that NKTX'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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