OPEN vs. SPY
Compare and contrast key facts about Opendoor Technologies Inc. (OPEN) 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: OPEN or SPY.
Performance
OPEN vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, OPEN achieves a -63.62% return, which is significantly lower than SPY's 25.41% return.
OPEN
-63.62%
-10.93%
-25.91%
-30.34%
N/A
N/A
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| OPEN | SPY | |
|---|---|---|
| Sharpe Ratio | -0.43 | 2.62 |
| Sortino Ratio | -0.18 | 3.50 |
| Omega Ratio | 0.98 | 1.49 |
| Calmar Ratio | -0.36 | 3.78 |
| Martin Ratio | -0.72 | 17.00 |
| Ulcer Index | 48.11% | 1.87% |
| Daily Std Dev | 81.53% | 12.14% |
| Max Drawdown | -97.30% | -55.19% |
| Current Drawdown | -95.46% | -1.38% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between OPEN and SPY is 0.49, 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.
Risk-Adjusted Performance
OPEN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Opendoor Technologies Inc. (OPEN) 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
OPEN vs. SPY - Dividend Comparison
OPEN has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPEN Opendoor Technologies 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 | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OPEN vs. SPY - Drawdown Comparison
The maximum OPEN drawdown since its inception was -97.30%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OPEN and SPY. For additional features, visit the drawdowns tool.
Volatility
OPEN vs. SPY - Volatility Comparison
Opendoor Technologies Inc. (OPEN) has a higher volatility of 17.69% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that OPEN'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.