SDGR vs. SPY
SDGR (Schrodinger, 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, SDGR returned -25.32%/yr vs 13.24%/yr for SPY. At a 0.42 correlation, their price movements are largely independent.
Performance
SDGR vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, SDGR achieves a -12.75% return, which is significantly lower than SPY's 10.67% return.
SDGR
- 1D
- -4.12%
- 1M
- 4.49%
- 6M
- -10.70%
- YTD
- -12.75%
- 1Y
- -26.59%
- 3Y*
- -34.11%
- 5Y*
- -25.32%
- 10Y*
- —
SPY
- 1D
- -0.54%
- 1M
- 0.31%
- 6M
- 9.02%
- YTD
- 10.67%
- 1Y
- 21.60%
- 3Y*
- 20.01%
- 5Y*
- 13.24%
- 10Y*
- 15.08%
SDGR vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SDGR Schrodinger, Inc. | -12.75% | -7.31% | -46.12% | 91.55% | -46.34% | -56.01% | 204.54% |
SPY State Street SPDR S&P 500 ETF | 10.67% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 14.42% |
Correlation
The correlation between SDGR and SPY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2020 | 0.42 |
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Return for Risk
SDGR vs. SPY — Risk / Return Rank
SDGR
SPY
SDGR vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schrodinger, Inc. (SDGR) 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.
| SDGR | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.31 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.44 | -2.96 |
| Martin ratioReturn relative to average drawdown | -0.83 | 10.63 | -11.46 |
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Drawdowns
SDGR vs. SPY - Drawdown Comparison
The maximum SDGR drawdown since its inception was -90.21%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SDGR and SPY.
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Drawdown Indicators
| SDGR | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.21% | -55.19% | -35.02% |
Max Drawdown (1Y)Largest decline over 1 year | -51.93% | -8.88% | -43.05% |
Max Drawdown (3Y)Largest decline over 3 years | -80.01% | -18.76% | -61.25% |
Max Drawdown (5Y)Largest decline over 5 years | -84.47% | -24.50% | -59.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -86.21% | -0.91% | -85.30% |
Average DrawdownAverage peak-to-trough decline | -64.38% | -9.02% | -55.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.13% | 2.04% | +30.09% |
Volatility
SDGR vs. SPY - Volatility Comparison
Schrodinger, Inc. (SDGR) has a higher volatility of 14.74% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that SDGR'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.
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Volatility by Period
| SDGR | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.74% | 3.58% | +11.16% |
Volatility (6M)Calculated over the trailing 6-month period | 39.26% | 10.02% | +29.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.46% | 12.58% | +39.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.51% | 17.17% | +46.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.72% | 17.93% | +51.79% |
Dividends
SDGR vs. SPY - Dividend Comparison
SDGR 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDGR Schrodinger, 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
SDGR and SPY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDGR has higher volatility (14.74%) compared to SPY (3.58%). In terms of maximum drawdown, SDGR dropped -90.21% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.72 vs -0.51), 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.
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