RGTI vs. SPY
Compare and contrast key facts about Rigetti Computing Inc (RGTI) 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: RGTI or SPY.
Correlation
The correlation between RGTI and SPY is 0.36, 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
RGTI vs. SPY - Performance Comparison
Key characteristics
RGTI:
5.30
SPY:
2.50
RGTI:
4.62
SPY:
3.36
RGTI:
1.51
SPY:
1.47
RGTI:
7.79
SPY:
3.60
RGTI:
16.96
SPY:
16.21
RGTI:
43.32%
SPY:
1.87%
RGTI:
138.72%
SPY:
12.12%
RGTI:
-96.89%
SPY:
-55.19%
RGTI:
-30.04%
SPY:
-0.17%
Returns By Period
In the year-to-date period, RGTI achieves a 755.84% return, which is significantly higher than SPY's 28.87% return.
RGTI
755.84%
497.87%
710.58%
687.85%
N/A
N/A
SPY
28.87%
3.59%
11.61%
30.51%
15.50%
13.34%
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Risk-Adjusted Performance
RGTI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rigetti Computing Inc (RGTI) 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
RGTI vs. SPY - Dividend Comparison
RGTI has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.84%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGTI Rigetti Computing 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 | 0.84% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RGTI vs. SPY - Drawdown Comparison
The maximum RGTI drawdown since its inception was -96.89%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RGTI and SPY. For additional features, visit the drawdowns tool.
Volatility
RGTI vs. SPY - Volatility Comparison
Rigetti Computing Inc (RGTI) has a higher volatility of 79.65% compared to SPDR S&P 500 ETF (SPY) at 2.26%. This indicates that RGTI'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.