SMAR vs. SPY
Compare and contrast key facts about Smartsheet Inc. (SMAR) 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: SMAR or SPY.
Correlation
The correlation between SMAR and SPY is 0.47, 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
SMAR vs. SPY - Performance Comparison
Key characteristics
SMAR:
0.64
SPY:
2.21
SMAR:
1.23
SPY:
2.93
SMAR:
1.17
SPY:
1.41
SMAR:
0.36
SPY:
3.26
SMAR:
1.82
SPY:
14.43
SMAR:
11.23%
SPY:
1.90%
SMAR:
31.87%
SPY:
12.41%
SMAR:
-69.28%
SPY:
-55.19%
SMAR:
-33.65%
SPY:
-2.74%
Returns By Period
In the year-to-date period, SMAR achieves a 17.13% return, which is significantly lower than SPY's 25.54% return.
SMAR
17.13%
0.25%
31.20%
17.52%
5.29%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
SMAR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Smartsheet Inc. (SMAR) 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
SMAR vs. SPY - Dividend Comparison
SMAR has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMAR Smartsheet 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 | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SMAR vs. SPY - Drawdown Comparison
The maximum SMAR drawdown since its inception was -69.28%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SMAR and SPY. For additional features, visit the drawdowns tool.
Volatility
SMAR vs. SPY - Volatility Comparison
The current volatility for Smartsheet Inc. (SMAR) is 0.74%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that SMAR experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.