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.
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.
Performance
SMMT vs. SPY - Performance Comparison
Key characteristics
SMMT:
1.34
SPY:
0.54
SMMT:
4.89
SPY:
0.90
SMMT:
1.66
SPY:
1.13
SMMT:
5.31
SPY:
0.57
SMMT:
14.21
SPY:
2.24
SMMT:
31.77%
SPY:
4.82%
SMMT:
299.45%
SPY:
20.02%
SMMT:
-95.75%
SPY:
-55.19%
SMMT:
-32.83%
SPY:
-7.53%
Returns By Period
In the year-to-date period, SMMT achieves a 38.13% return, which is significantly higher than SPY's -3.30% return. Over the past 10 years, SMMT has underperformed SPY with an annualized return of 8.78%, while SPY has yielded a comparatively higher 12.33% annualized return.
SMMT
38.13%
48.14%
16.82%
396.98%
48.72%
8.78%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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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.
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 1.27%.
| 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 | 1.27% | 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. For additional features, visit the drawdowns tool.
Volatility
SMMT vs. SPY - Volatility Comparison
Summit Therapeutics Inc. (SMMT) has a higher volatility of 60.73% compared to SPDR S&P 500 ETF (SPY) at 12.36%. 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.