RIVN vs. SPY
Compare and contrast key facts about Rivian Automotive, Inc. (RIVN) 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: RIVN or SPY.
Correlation
The correlation between RIVN and SPY is 0.51, 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
RIVN vs. SPY - Performance Comparison
Key characteristics
RIVN:
0.54
SPY:
0.50
RIVN:
1.32
SPY:
0.88
RIVN:
1.15
SPY:
1.13
RIVN:
0.41
SPY:
0.56
RIVN:
1.35
SPY:
2.17
RIVN:
28.88%
SPY:
4.85%
RIVN:
73.20%
SPY:
20.02%
RIVN:
-95.12%
SPY:
-55.19%
RIVN:
-91.71%
SPY:
-7.65%
Returns By Period
In the year-to-date period, RIVN achieves a 7.22% return, which is significantly higher than SPY's -3.42% return.
RIVN
7.22%
21.16%
34.66%
39.53%
N/A
N/A
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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Risk-Adjusted Performance
RIVN vs. SPY — Risk-Adjusted Performance Rank
RIVN
SPY
RIVN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rivian Automotive, Inc. (RIVN) 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
RIVN vs. SPY - Dividend Comparison
RIVN has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIVN Rivian Automotive, 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 | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RIVN vs. SPY - Drawdown Comparison
The maximum RIVN drawdown since its inception was -95.12%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RIVN and SPY. For additional features, visit the drawdowns tool.
Volatility
RIVN vs. SPY - Volatility Comparison
Rivian Automotive, Inc. (RIVN) has a higher volatility of 15.30% compared to SPDR S&P 500 ETF (SPY) at 7.48%. This indicates that RIVN'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.