NNOX vs. SPY
Compare and contrast key facts about Nano-X Imaging Ltd. (NNOX) 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: NNOX or SPY.
Correlation
The correlation between NNOX and SPY is 0.40, 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
Key characteristics
NNOX:
0.12
SPY:
1.97
NNOX:
1.12
SPY:
2.64
NNOX:
1.13
SPY:
1.36
NNOX:
0.13
SPY:
2.97
NNOX:
0.31
SPY:
12.34
NNOX:
41.14%
SPY:
2.03%
NNOX:
106.15%
SPY:
12.68%
NNOX:
-94.44%
SPY:
-55.19%
NNOX:
-92.48%
SPY:
-0.01%
Returns By Period
In the year-to-date period, NNOX achieves a -6.67% return, which is significantly lower than SPY's 4.03% return.
NNOX
-6.67%
-20.43%
-6.80%
-29.26%
N/A
N/A
SPY
4.03%
2.85%
10.70%
23.01%
14.30%
13.22%
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Risk-Adjusted Performance
NNOX vs. SPY — Risk-Adjusted Performance Rank
NNOX
SPY
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.
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 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.16% | 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 -94.44%, 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.
Volatility
NNOX vs. SPY - Volatility Comparison
Nano-X Imaging Ltd. (NNOX) has a higher volatility of 20.99% compared to SPDR S&P 500 ETF (SPY) at 3.15%. 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.