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.
Correlation
The correlation between OM and SPY is 0.33, 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
Key characteristics
OM:
-0.47
SPY:
0.30
OM:
0.10
SPY:
0.56
OM:
1.01
SPY:
1.08
OM:
-0.65
SPY:
0.31
OM:
-0.92
SPY:
1.40
OM:
70.45%
SPY:
4.18%
OM:
136.76%
SPY:
19.64%
OM:
-99.30%
SPY:
-55.19%
OM:
-98.85%
SPY:
-13.86%
Returns By Period
In the year-to-date period, OM achieves a -33.87% return, which is significantly lower than SPY's -9.91% return.
OM
-33.87%
-2.39%
26.12%
-68.36%
N/A
N/A
SPY
-9.91%
-6.63%
-9.38%
7.66%
15.04%
11.54%
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Risk-Adjusted Performance
OM vs. SPY — Risk-Adjusted Performance Rank
OM
SPY
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 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 45.48% compared to SPDR S&P 500 ETF (SPY) at 14.52%. 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.