Correlation
The correlation between TERN and SPY is 0.18, 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.
TERN vs. SPY
Compare and contrast key facts about Terns Pharmaceuticals, Inc. (TERN) 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: TERN or SPY.
Performance
TERN vs. SPY - Performance Comparison
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Key characteristics
TERN:
-0.69
SPY:
0.70
TERN:
-0.70
SPY:
1.02
TERN:
0.92
SPY:
1.15
TERN:
-0.55
SPY:
0.68
TERN:
-1.03
SPY:
2.57
TERN:
49.40%
SPY:
4.93%
TERN:
81.54%
SPY:
20.42%
TERN:
-94.50%
SPY:
-55.19%
TERN:
-88.59%
SPY:
-3.55%
Returns By Period
In the year-to-date period, TERN achieves a -43.86% return, which is significantly lower than SPY's 0.87% return.
TERN
-43.86%
-12.64%
-50.16%
-48.25%
21.59%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
TERN vs. SPY — Risk-Adjusted Performance Rank
TERN
SPY
TERN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Terns Pharmaceuticals, Inc. (TERN) 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
TERN vs. SPY - Dividend Comparison
TERN has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TERN Terns Pharmaceuticals, 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 | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TERN vs. SPY - Drawdown Comparison
The maximum TERN drawdown since its inception was -94.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TERN and SPY.
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Volatility
TERN vs. SPY - Volatility Comparison
Terns Pharmaceuticals, Inc. (TERN) has a higher volatility of 19.08% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that TERN'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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