Correlation
The correlation between RVNC 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.
RVNC vs. SPY
Compare and contrast key facts about Revance Therapeutics, Inc. (RVNC) 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: RVNC or SPY.
Performance
RVNC vs. SPY - Performance Comparison
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Key characteristics
Returns By Period
RVNC
N/A
N/A
N/A
N/A
N/A
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
RVNC vs. SPY — Risk-Adjusted Performance Rank
RVNC
SPY
RVNC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Revance Therapeutics, Inc. (RVNC) 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.
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Dividends
RVNC vs. SPY - Dividend Comparison
RVNC has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
RVNC Revance Therapeutics, 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 | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RVNC vs. SPY - Drawdown Comparison
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Volatility
RVNC vs. SPY - Volatility Comparison
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