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.
Correlation
The correlation between TERN 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
TERN vs. SPY - Performance Comparison
Key characteristics
TERN:
-0.51
SPY:
1.82
TERN:
-0.38
SPY:
2.45
TERN:
0.96
SPY:
1.33
TERN:
-0.49
SPY:
2.77
TERN:
-1.24
SPY:
11.49
TERN:
33.68%
SPY:
2.03%
TERN:
82.12%
SPY:
12.70%
TERN:
-94.50%
SPY:
-55.19%
TERN:
-85.03%
SPY:
0.00%
Returns By Period
In the year-to-date period, TERN achieves a -26.35% return, which is significantly lower than SPY's 4.04% return.
TERN
-26.35%
-10.72%
-39.29%
-41.63%
N/A
N/A
SPY
4.04%
4.73%
10.95%
23.86%
14.32%
13.24%
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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.
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 1.16%.
| 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 | 1.16% | 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. For additional features, visit the drawdowns tool.
Volatility
TERN vs. SPY - Volatility Comparison
Terns Pharmaceuticals, Inc. (TERN) has a higher volatility of 17.81% compared to SPDR S&P 500 ETF (SPY) at 3.55%. 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.