Correlation
The correlation between SMMT and SPY is 0.17, 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.
SMMT vs. SPY
Compare and contrast key facts about Summit Therapeutics Inc. (SMMT) 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: SMMT or SPY.
Performance
SMMT vs. SPY - Performance Comparison
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Key characteristics
SMMT:
2.73
SPY:
0.67
SMMT:
5.49
SPY:
1.03
SMMT:
1.75
SPY:
1.15
SMMT:
7.94
SPY:
0.69
SMMT:
21.01
SPY:
2.61
SMMT:
32.15%
SPY:
4.92%
SMMT:
296.81%
SPY:
20.44%
SMMT:
-95.75%
SPY:
-55.19%
SMMT:
-28.58%
SPY:
-3.44%
Returns By Period
In the year-to-date period, SMMT achieves a 46.88% return, which is significantly higher than SPY's 0.98% return. Over the past 10 years, SMMT has underperformed SPY with an annualized return of 9.37%, while SPY has yielded a comparatively higher 12.73% annualized return.
SMMT
46.88%
10.97%
38.38%
793.02%
186.89%
45.35%
9.37%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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Risk-Adjusted Performance
SMMT vs. SPY — Risk-Adjusted Performance Rank
SMMT
SPY
SMMT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Summit Therapeutics Inc. (SMMT) 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
SMMT vs. SPY - Dividend Comparison
SMMT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMT Summit 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 | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SMMT vs. SPY - Drawdown Comparison
The maximum SMMT drawdown since its inception was -95.75%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SMMT and SPY.
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Volatility
SMMT vs. SPY - Volatility Comparison
Summit Therapeutics Inc. (SMMT) has a higher volatility of 23.27% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that SMMT'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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