SWSSU vs. SPY
SWSSU (Springwater Special Situations Corp.) 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 3 years, SWSSU returned -52.96%/yr vs 20.68%/yr for SPY. At a correlation of -0.01, they often move in opposite directions.
Performance
SWSSU vs. SPY - Performance Comparison
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Returns By Period
SWSSU
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -89.35%
- 3Y*
- -52.96%
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- -1.45%
- 1M
- -1.36%
- YTD
- 8.15%
- 6M
- 7.20%
- 1Y
- 23.59%
- 3Y*
- 20.68%
- 5Y*
- 13.05%
- 10Y*
- 15.53%
SWSSU vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SWSSU Springwater Special Situations Corp. | 0.00% | -89.35% | -4.76% | 3.45% | 1.20% | 1.42% |
SPY State Street SPDR S&P 500 ETF | 8.15% | 17.72% | 24.89% | 26.18% | -18.18% | 6.51% |
Correlation
The correlation between SWSSU and SPY is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | -0.01 |
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Return for Risk
SWSSU vs. SPY — Risk / Return Rank
SWSSU
SPY
SWSSU vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Springwater Special Situations Corp. (SWSSU) 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.
| SWSSU | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 0.00 | 1.34 | -1.34 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.67 | -3.67 |
| Martin ratioReturn relative to average drawdown | -1.17 | 11.92 | -13.09 |
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Drawdowns
SWSSU vs. SPY - Drawdown Comparison
The maximum SWSSU drawdown since its inception was -91.87%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SWSSU and SPY.
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Drawdown Indicators
| SWSSU | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.87% | -55.19% | -36.68% |
Max Drawdown (1Y)Largest decline over 1 year | -89.35% | -8.88% | -80.47% |
Max Drawdown (3Y)Largest decline over 3 years | -91.87% | -18.76% | -73.11% |
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 | -91.87% | -3.17% | -88.70% |
Average DrawdownAverage peak-to-trough decline | -21.74% | -9.04% | -12.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.56% | 1.98% | +74.58% |
Volatility
SWSSU vs. SPY - Volatility Comparison
The current volatility for Springwater Special Situations Corp. (SWSSU) is 0.00%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 4.87%. This indicates that SWSSU 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.
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Volatility by Period
| SWSSU | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.87% | -4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 9.85% | -9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.35% | 12.50% | +76.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.36% | 17.15% | +25.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.36% | 17.95% | +24.41% |
Dividends
SWSSU vs. SPY - Dividend Comparison
SWSSU 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SWSSU Springwater Special Situations Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SWSSU and SPY have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPY has higher volatility (4.87%) compared to SWSSU (0.00%). In terms of maximum drawdown, SWSSU dropped -91.87% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.90 vs -1.00), 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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