RSI vs. SPY

Last updated Jul 14, 2026

RSI (Rush Street Interactive, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, RSI returned 26.01%/yr vs 12.94%/yr for SPY. At a 0.44 correlation, their price movements are largely independent.

Performance

RSI vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rush Street Interactive, Inc. (RSI) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSI achieves a 75.91% return, which is significantly higher than SPY's 10.45% return.

RSI

• 1D: 2.34%
• 1M: 15.47%
• 6M: 80.94%
• YTD: 75.91%
• 1Y: 129.70%
• 3Y*: 111.95%
• 5Y*: 26.01%
• 10Y*: —

SPY

• 1D: -0.77%
• 1M: 1.26%
• 6M: 8.34%
• YTD: 10.45%
• 1Y: 21.46%
• 3Y*: 20.07%
• 5Y*: 12.94%
• 10Y*: 15.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RSI vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RSI Rush Street Interactive, Inc.	75.91%	41.62%	205.57%	25.07%	-78.24%	-23.79%	125.05%
SPY State Street SPDR S&P 500 ETF	10.45%	17.72%	24.89%	26.18%	-18.18%	28.73%	35.66%

Correlation

The correlation between RSI and SPY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020	0.44

Over the past year, the correlation between RSI and SPY has dropped to 0.24 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Return for Risk

RSI vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RSI

RSI Risk / Return Rank: 93
RSI Sharpe Ratio Rank: 95
RSI Sortino Ratio Rank: 94
RSI Omega Ratio Rank: 93
RSI Calmar Ratio Rank: 93
RSI Martin Ratio Rank: 91

SPY

SPY Risk / Return Rank: 66
SPY Sharpe Ratio Rank: 66
SPY Sortino Ratio Rank: 64
SPY Omega Ratio Rank: 65
SPY Calmar Ratio Rank: 61
SPY Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RSI vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rush Street Interactive, Inc. (RSI) and State Street 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RSI	SPY	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.71	+0.77
Sortino ratio: Return per unit of downside risk	3.28	2.37	+0.91
Omega ratio: Gain probability vs. loss probability	1.43	1.31	+0.12
Calmar ratio: Return relative to maximum drawdown	4.43	2.43	+2.00
Martin ratio: Return relative to average drawdown	10.14	10.57	-0.43

RSI vs. SPY - Sharpe Ratio Comparison

The current RSI Sharpe Ratio is 2.49, which is higher than the SPY Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of RSI and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSI vs. SPY - Drawdown Comparison

The maximum RSI drawdown since its inception was -88.92%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RSI and SPY.

Drawdown Indicators

	RSI	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-88.92%	-55.19%	-33.73%
Max Drawdown (1Y) Largest decline over 1 year	-29.47%	-8.88%	-20.59%
Max Drawdown (3Y) Largest decline over 3 years	-42.04%	-18.76%	-23.28%
Max Drawdown (5Y) Largest decline over 5 years	-86.88%	-24.50%	-62.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	0.00%	-1.12%	+1.12%
Average Drawdown Average peak-to-trough decline	-49.63%	-9.02%	-40.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.84%	2.03%	+10.81%

Volatility

RSI vs. SPY - Volatility Comparison

Rush Street Interactive, Inc. (RSI) has a higher volatility of 12.33% compared to State Street SPDR S&P 500 ETF (SPY) at 4.26%. This indicates that RSI'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.

Volatility by Period

	RSI	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.33%	4.26%	+8.07%
Volatility (6M) Calculated over the trailing 6-month period	32.97%	10.01%	+22.96%
Volatility (1Y) Calculated over the trailing 1-year period	52.55%	12.60%	+39.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.95%	17.17%	+44.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.42%	17.93%	+42.49%

Dividends

RSI vs. SPY - Dividend Comparison

RSI has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSI Rush Street Interactive, 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 State Street SPDR S&P 500 ETF	1.00%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both RSI and SPY in my portfolio?

RSI and SPY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSI or SPY?

RSI has higher volatility (12.33%) compared to SPY (4.26%). In terms of maximum drawdown, RSI dropped -88.92% vs SPY's -55.19%.

Which has better risk-adjusted returns?

RSI currently has the higher Sharpe Ratio (2.49 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.