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

OM vs. SPY

Last updated May 12, 2025

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 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

OM vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Outset Medical, Inc. (OM) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

OM:

292.57%

SPY:

20.02%

Max Drawdown

OM:

-3.65%

SPY:

-55.19%

Current Drawdown

OM:

-3.65%

SPY:

-7.65%

Returns By Period

OM

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

SPY

YTD

-3.42%

1M

5.69%

6M

-5.06%

1Y

9.73%

5Y*

16.26%

10Y*

12.24%

*Annualized

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Risk-Adjusted Performance

OM vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OM
The Risk-Adjusted Performance Rank of OM is 2525
Overall Rank
The Sharpe Ratio Rank of OM is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of OM is 3333
Sortino Ratio Rank
The Omega Ratio Rank of OM is 3232
Omega Ratio Rank
The Calmar Ratio Rank of OM is 88
Calmar Ratio Rank
The Martin Ratio Rank of OM is 2727
Martin Ratio Rank
SPY
The Risk-Adjusted Performance Rank of SPY is 6363
Overall Rank
The Sharpe Ratio Rank of SPY is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6161
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6464
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6666
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6565
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.

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.

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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 1.27%.

TTM20242023202220212020201920182017201620152014
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		1.27%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 -3.65%, smaller than the maximum SPY 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.

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Volatility

OM vs. SPY - Volatility Comparison

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