RDNT vs. SPY
Compare and contrast key facts about RadNet, Inc. (RDNT) 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: RDNT or SPY.
Correlation
The correlation between RDNT and SPY is 0.23, 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
RDNT vs. SPY - Performance Comparison
Key characteristics
RDNT:
0.07
SPY:
0.32
RDNT:
0.46
SPY:
0.51
RDNT:
1.05
SPY:
1.07
RDNT:
0.07
SPY:
0.39
RDNT:
0.18
SPY:
1.52
RDNT:
17.41%
SPY:
3.13%
RDNT:
43.85%
SPY:
14.74%
RDNT:
-92.15%
SPY:
-55.19%
RDNT:
-42.68%
SPY:
-12.17%
Returns By Period
In the year-to-date period, RDNT achieves a -29.11% return, which is significantly lower than SPY's -8.15% return. Over the past 10 years, RDNT has outperformed SPY with an annualized return of 18.66%, while SPY has yielded a comparatively lower 11.89% annualized return.
RDNT
-29.11%
-4.48%
-26.84%
3.06%
43.16%
18.66%
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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Risk-Adjusted Performance
RDNT vs. SPY — Risk-Adjusted Performance Rank
RDNT
SPY
RDNT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RadNet, Inc. (RDNT) 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
RDNT vs. SPY - Dividend Comparison
RDNT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDNT RadNet, 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 | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RDNT vs. SPY - Drawdown Comparison
The maximum RDNT drawdown since its inception was -92.15%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RDNT and SPY. For additional features, visit the drawdowns tool.
Volatility
RDNT vs. SPY - Volatility Comparison
RadNet, Inc. (RDNT) has a higher volatility of 14.80% compared to SPDR S&P 500 ETF (SPY) at 7.47%. This indicates that RDNT'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.