NVDA vs. SPY
NVDA (NVIDIA Corporation) 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 10 years, NVDA returned 70.65%/yr vs 14.65%/yr for SPY. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
NVDA vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, NVDA achieves a -1.38% return, which is significantly lower than SPY's -0.02% return. Over the past 10 years, NVDA has outperformed SPY with an annualized return of 70.65%, while SPY has yielded a comparatively lower 14.65% annualized return.
NVDA
- 1D
- 1.01%
- 1M
- -0.46%
- YTD
- -1.38%
- 6M
- -4.49%
- 1Y
- 60.90%
- 3Y*
- 88.28%
- 5Y*
- 66.52%
- 10Y*
- 70.65%
SPY
- 1D
- 0.58%
- 1M
- 0.68%
- YTD
- -0.02%
- 6M
- 1.88%
- 1Y
- 25.35%
- 3Y*
- 19.93%
- 5Y*
- 12.09%
- 10Y*
- 14.65%
NVDA vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVDA NVIDIA Corporation | -1.38% | 38.92% | 171.25% | 239.02% | -50.26% | 125.48% | 122.30% | 76.94% | -30.82% | 81.99% |
SPY State Street SPDR S&P 500 ETF | -0.02% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between NVDA and SPY is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 1999 | 0.55 |
The correlation between NVDA and SPY shifts across timeframes, from 0.55 (all time) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NVDA vs. SPY — Risk / Return Rank
NVDA
SPY
NVDA vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation (NVDA) 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.
| NVDA | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 1.82 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.46 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 4.37 | 4.09 | +0.28 |
Martin ratioReturn relative to average drawdown | 10.88 | 17.80 | -6.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDA | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 1.82 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.29 | 0.71 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.42 | 0.82 | +0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.57 | +0.05 |
Drawdowns
NVDA vs. SPY - Drawdown Comparison
The maximum NVDA drawdown since its inception was -89.72%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NVDA and SPY.
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Drawdown Indicators
| NVDA | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.72% | -55.19% | -34.53% |
Max Drawdown (1Y)Largest decline over 1 year | -20.21% | -8.88% | -11.33% |
Max Drawdown (5Y)Largest decline over 5 years | -66.34% | -24.50% | -41.84% |
Max Drawdown (10Y)Largest decline over 10 years | -66.34% | -33.72% | -32.62% |
Current DrawdownCurrent decline from peak | -11.16% | -1.97% | -9.19% |
Average DrawdownAverage peak-to-trough decline | -36.38% | -9.09% | -27.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.12% | 2.04% | +6.08% |
Volatility
NVDA vs. SPY - Volatility Comparison
NVIDIA Corporation (NVDA) has a higher volatility of 9.73% compared to State Street SPDR S&P 500 ETF (SPY) at 5.74%. This indicates that NVDA'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
| NVDA | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.73% | 5.74% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 25.87% | 9.83% | +16.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.85% | 17.51% | +22.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.71% | 17.08% | +34.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.85% | 17.93% | +31.92% |
Dividends
NVDA vs. SPY - Dividend Comparison
NVDA's dividend yield for the trailing twelve months is around 0.02%, less than SPY's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 0.02% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
SPY State Street SPDR S&P 500 ETF | 1.09% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |