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

Correlation

The correlation between PRME and SPY is 0.35, 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.


-0.50.00.51.00.3

Performance

PRME vs. SPY - Performance Comparison

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

-100.00%-50.00%0.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
-81.13%
66.55%
PRME
SPY

Key characteristics

Sharpe Ratio

PRME:

-0.79

SPY:

2.21

Sortino Ratio

PRME:

-1.25

SPY:

2.93

Omega Ratio

PRME:

0.87

SPY:

1.41

Calmar Ratio

PRME:

-0.77

SPY:

3.26

Martin Ratio

PRME:

-1.47

SPY:

14.43

Ulcer Index

PRME:

45.60%

SPY:

1.90%

Daily Std Dev

PRME:

84.97%

SPY:

12.41%

Max Drawdown

PRME:

-87.50%

SPY:

-55.19%

Current Drawdown

PRME:

-86.27%

SPY:

-2.74%

Returns By Period

In the year-to-date period, PRME achieves a -67.27% return, which is significantly lower than SPY's 25.54% return.


PRME

YTD

-67.27%

1M

-3.01%

6M

-51.59%

1Y

-66.89%

5Y*

N/A

10Y*

N/A

SPY

YTD

25.54%

1M

-0.42%

6M

8.90%

1Y

25.98%

5Y*

14.66%

10Y*

12.97%

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Risk-Adjusted Performance

PRME vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Prime Medicine Inc. Common Stock (PRME) 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.


Sharpe ratio
The chart of Sharpe ratio for PRME, currently valued at -0.79, compared to the broader market-4.00-2.000.002.00-0.792.21
The chart of Sortino ratio for PRME, currently valued at -1.25, compared to the broader market-4.00-2.000.002.004.00-1.252.93
The chart of Omega ratio for PRME, currently valued at 0.87, compared to the broader market0.501.001.502.000.871.41
The chart of Calmar ratio for PRME, currently valued at -0.77, compared to the broader market0.002.004.006.00-0.773.26
The chart of Martin ratio for PRME, currently valued at -1.47, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.4714.43
PRME
SPY

The current PRME Sharpe Ratio is -0.79, which is lower than the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of PRME and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.79
2.21
PRME
SPY

Dividends

PRME vs. SPY - Dividend Comparison

PRME has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.


TTM20232022202120202019201820172016201520142013
PRME
Prime Medicine Inc. Common Stock
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
0.86%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

PRME vs. SPY - Drawdown Comparison

The maximum PRME drawdown since its inception was -87.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRME and SPY. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-86.27%
-2.74%
PRME
SPY

Volatility

PRME vs. SPY - Volatility Comparison

Prime Medicine Inc. Common Stock (PRME) has a higher volatility of 24.10% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that PRME'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.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%JulyAugustSeptemberOctoberNovemberDecember
24.10%
3.72%
PRME
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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