SGMT vs. SPY
SGMT (Sagimet Biosciences 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 year, SGMT returned -29.50% vs 22.18% for SPY. At a 0.28 correlation, their price movements are largely independent.
Performance
SGMT vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, SGMT achieves a 17.06% return, which is significantly higher than SPY's 8.10% return.
SGMT
- 1D
- -1.84%
- 1M
- -2.26%
- YTD
- 17.06%
- 6M
- 14.36%
- 1Y
- -29.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- -0.05%
- 1M
- -1.41%
- YTD
- 8.10%
- 6M
- 6.77%
- 1Y
- 22.18%
- 3Y*
- 20.66%
- 5Y*
- 12.96%
- 10Y*
- 15.53%
SGMT vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SGMT Sagimet Biosciences Inc. | 17.06% | 31.56% | -16.97% | -65.03% |
SPY State Street SPDR S&P 500 ETF | 8.10% | 17.72% | 24.89% | 6.53% |
Correlation
The correlation between SGMT and SPY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023 | 0.28 |
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Return for Risk
SGMT vs. SPY — Risk / Return Rank
SGMT
SPY
SGMT vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sagimet Biosciences Inc. (SGMT) 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.
| SGMT | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.33 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 2.51 | -3.04 |
| Martin ratioReturn relative to average drawdown | -0.86 | 11.15 | -12.01 |
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Drawdowns
SGMT vs. SPY - Drawdown Comparison
The maximum SGMT drawdown since its inception was -89.69%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SGMT and SPY.
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Drawdown Indicators
| SGMT | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.69% | -55.19% | -34.50% |
Max Drawdown (1Y)Largest decline over 1 year | -55.57% | -8.88% | -46.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -62.38% | -3.22% | -59.16% |
Average DrawdownAverage peak-to-trough decline | -65.83% | -9.03% | -56.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.34% | 1.99% | +32.35% |
Volatility
SGMT vs. SPY - Volatility Comparison
Sagimet Biosciences Inc. (SGMT) has a higher volatility of 12.40% compared to State Street SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that SGMT'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
| SGMT | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.40% | 4.85% | +7.55% |
Volatility (6M)Calculated over the trailing 6-month period | 59.59% | 9.81% | +49.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.64% | 12.47% | +76.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 150.31% | 17.15% | +133.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 150.31% | 17.95% | +132.36% |
Dividends
SGMT vs. SPY - Dividend Comparison
SGMT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGMT Sagimet Biosciences 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 | 1.03% | 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
SGMT and SPY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGMT has higher volatility (12.40%) compared to SPY (4.85%). In terms of maximum drawdown, SGMT dropped -89.69% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.79 vs -0.34), 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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