SPY vs. RKT
SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while RKT (Rocket Companies, Inc.) is a stock. Over the past 5 years, SPY returned 12.95%/yr vs -2.50%/yr for RKT. At a 0.46 correlation, their price movements are largely independent.
Performance
SPY vs. RKT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPY achieves a 10.31% return, which is significantly higher than RKT's -29.49% return.
SPY
- 1D
- 0.83%
- 1M
- 0.21%
- 6M
- 11.02%
- YTD
- 10.31%
- 1Y
- 20.33%
- 3Y*
- 19.76%
- 5Y*
- 12.95%
- 10Y*
- 14.99%
- ALL TIME*
- 10.80%
RKT
- 1D
- -2.43%
- 1M
- -5.34%
- 6M
- -38.10%
- YTD
- -29.49%
- 1Y
- -9.24%
- 3Y*
- 11.20%
- 5Y*
- -2.50%
- 10Y*
- —
- ALL TIME*
- -1.71%
SPY vs. RKT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 10.31% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 13.51% |
RKT Rocket Companies, Inc. | -29.49% | 81.69% | -22.24% | 106.86% | -46.18% | -27.56% | 12.33% |
Correlation
The correlation between SPY and RKT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2020 | 0.46 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPY vs. RKT — Risk / Return Rank
SPY
RKT
SPY vs. RKT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 ETF (SPY) and Rocket Companies, Inc. (RKT). 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.
| SPY | RKT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.02 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | -0.20 | +2.49 |
| Martin ratioReturn relative to average drawdown | 9.96 | -0.35 | +10.32 |
Loading charts...
Drawdowns
SPY vs. RKT - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, smaller than the maximum RKT drawdown of -83.00%. Use the drawdown chart below to compare losses from any high point for SPY and RKT.
Loading charts...
Drawdown Indicators
| SPY | RKT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.19% | -83.00% | +27.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -47.31% | +38.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -50.60% | +31.84% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -64.90% | +40.40% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -60.95% | +59.72% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -60.11% | +51.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 26.16% | -24.11% |
Volatility
SPY vs. RKT - Volatility Comparison
The current volatility for State Street SPDR S&P 500 ETF (SPY) is 3.39%, while Rocket Companies, Inc. (RKT) has a volatility of 16.83%. This indicates that SPY experiences smaller price fluctuations and is considered to be less risky than RKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPY | RKT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 16.83% | -13.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 46.11% | -36.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.64% | 61.13% | -48.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 54.26% | -37.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 64.97% | -47.03% |
Dividends
SPY vs. RKT - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.01%, while RKT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RKT Rocket Companies, Inc. | 0.00% | 4.13% | 0.00% | 0.00% | 14.43% | 7.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 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
SPY and RKT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RKT has higher volatility (16.83%) compared to SPY (3.39%). In terms of maximum drawdown, SPY dropped -55.19% vs RKT's -83.00%.
SPY currently has the higher Sharpe Ratio (1.62 vs -0.15), 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.
Find the right allocation for SPY and RKT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer