QTRX vs. SPY
Compare and contrast key facts about Quanterix Corporation (QTRX) 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: QTRX or SPY.
Correlation
The correlation between QTRX and SPY is 0.40, 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.
Performance
QTRX vs. SPY - Performance Comparison
Key characteristics
QTRX:
-1.04
SPY:
1.87
QTRX:
-1.84
SPY:
2.52
QTRX:
0.77
SPY:
1.35
QTRX:
-0.77
SPY:
2.81
QTRX:
-1.39
SPY:
11.69
QTRX:
50.67%
SPY:
2.02%
QTRX:
67.85%
SPY:
12.65%
QTRX:
-91.77%
SPY:
-55.19%
QTRX:
-91.38%
SPY:
0.00%
Returns By Period
In the year-to-date period, QTRX achieves a -26.53% return, which is significantly lower than SPY's 4.58% return.
QTRX
-26.53%
-11.95%
-40.61%
-70.04%
-22.57%
N/A
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
QTRX vs. SPY — Risk-Adjusted Performance Rank
QTRX
SPY
QTRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Quanterix Corporation (QTRX) 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
QTRX vs. SPY - Dividend Comparison
QTRX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.15%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTRX Quanterix Corporation | 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 | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
QTRX vs. SPY - Drawdown Comparison
The maximum QTRX drawdown since its inception was -91.77%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QTRX and SPY. For additional features, visit the drawdowns tool.
Volatility
QTRX vs. SPY - Volatility Comparison
Quanterix Corporation (QTRX) has a higher volatility of 16.32% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that QTRX'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.