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NNOX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NNOX and SPY is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

NNOX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nano-X Imaging Ltd. (NNOX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NNOX:

-0.50

SPY:

0.57

Sortino Ratio

NNOX:

-0.49

SPY:

0.87

Omega Ratio

NNOX:

0.95

SPY:

1.13

Calmar Ratio

NNOX:

-0.45

SPY:

0.55

Martin Ratio

NNOX:

-1.29

SPY:

2.11

Ulcer Index

NNOX:

33.37%

SPY:

4.91%

Daily Std Dev

NNOX:

80.85%

SPY:

20.35%

Max Drawdown

NNOX:

-95.41%

SPY:

-55.19%

Current Drawdown

NNOX:

-94.26%

SPY:

-5.23%

Returns By Period

In the year-to-date period, NNOX achieves a -28.75% return, which is significantly lower than SPY's -0.89% return.


NNOX

YTD

-28.75%

1M

0.59%

6M

-19.34%

1Y

-40.28%

3Y*

-17.66%

5Y*

N/A

10Y*

N/A

SPY

YTD

-0.89%

1M

8.16%

6M

-2.13%

1Y

11.51%

3Y*

15.38%

5Y*

16.09%

10Y*

12.57%

*Annualized

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Nano-X Imaging Ltd.

SPDR S&P 500 ETF

Risk-Adjusted Performance

NNOX vs. SPY — Risk-Adjusted Performance Rank

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

NNOX
The Risk-Adjusted Performance Rank of NNOX is 2222
Overall Rank
The Sharpe Ratio Rank of NNOX is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of NNOX is 2323
Sortino Ratio Rank
The Omega Ratio Rank of NNOX is 2626
Omega Ratio Rank
The Calmar Ratio Rank of NNOX is 2323
Calmar Ratio Rank
The Martin Ratio Rank of NNOX is 1414
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6060
Overall Rank
The Sharpe Ratio Rank of SPY is 6060
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 5757
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6161
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6363
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6262
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NNOX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Nano-X Imaging Ltd. (NNOX) 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.


The current NNOX Sharpe Ratio is -0.50, which is lower than the SPY Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of NNOX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

NNOX vs. SPY - Dividend Comparison

NNOX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.24%.


TTM20242023202220212020201920182017201620152014
NNOX
Nano-X Imaging Ltd.
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
1.24%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

NNOX vs. SPY - Drawdown Comparison

The maximum NNOX drawdown since its inception was -95.41%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NNOX and SPY. For additional features, visit the drawdowns tool.


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Volatility

NNOX vs. SPY - Volatility Comparison

Nano-X Imaging Ltd. (NNOX) has a higher volatility of 12.61% compared to SPDR S&P 500 ETF (SPY) at 4.45%. This indicates that NNOX'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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