OM vs. SPY
Compare and contrast key facts about Outset Medical, Inc. (OM) 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: OM or SPY.
Key characteristics
| OM | SPY | |
|---|---|---|
| YTD Return | -85.36% | 24.40% |
| 1Y Return | -84.26% | 31.86% |
| 3Y Return (Ann) | -75.49% | 9.29% |
| Sharpe Ratio | -0.68 | 2.64 |
| Sortino Ratio | -0.90 | 3.53 |
| Omega Ratio | 0.87 | 1.49 |
| Calmar Ratio | -0.85 | 3.81 |
| Martin Ratio | -1.41 | 17.21 |
| Ulcer Index | 60.07% | 1.86% |
| Daily Std Dev | 124.74% | 12.15% |
| Max Drawdown | -99.30% | -55.19% |
| Current Drawdown | -98.76% | -2.17% |
Correlation
The correlation between OM and SPY is 0.34, 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.
Performance
OM vs. SPY - Performance Comparison
In the year-to-date period, OM achieves a -85.36% return, which is significantly lower than SPY's 24.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
OM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Outset Medical, Inc. (OM) 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
OM vs. SPY - Dividend Comparison
OM has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OM Outset Medical, 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 | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OM vs. SPY - Drawdown Comparison
The maximum OM drawdown since its inception was -99.30%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OM and SPY. For additional features, visit the drawdowns tool.
Volatility
OM vs. SPY - Volatility Comparison
Outset Medical, Inc. (OM) has a higher volatility of 29.62% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that OM'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.