THC vs. SPY
Compare and contrast key facts about Tenet Healthcare Corporation (THC) and State Street 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.
Performance
THC vs. SPY - Performance Comparison
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THC vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THC Tenet Healthcare Corporation | -5.04% | 57.43% | 67.04% | 54.89% | -40.27% | 104.58% | 5.00% | 121.88% | 13.06% | 2.16% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, THC achieves a -5.04% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, THC has outperformed SPY with an annualized return of 20.64%, while SPY has yielded a comparatively lower 13.98% annualized return.
THC
- 1D
- 0.38%
- 1M
- -21.17%
- YTD
- -5.04%
- 6M
- -7.06%
- 1Y
- 40.30%
- 3Y*
- 46.99%
- 5Y*
- 29.81%
- 10Y*
- 20.64%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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Return for Risk
THC vs. SPY — Risk / Return Rank
THC
SPY
THC vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tenet Healthcare Corporation (THC) 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.
| THC | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.93 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.45 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.53 | +0.27 |
Martin ratioReturn relative to average drawdown | 5.43 | 7.30 | -1.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| THC | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.93 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.69 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.78 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.56 | -0.44 |
Correlation
The correlation between THC and SPY is 0.37, 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.
Dividends
THC vs. SPY - Dividend Comparison
THC has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THC Tenet Healthcare Corporation | 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 State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
THC vs. SPY - Drawdown Comparison
The maximum THC drawdown since its inception was -98.28%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for THC and SPY.
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Drawdown Indicators
| THC | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.28% | -55.19% | -43.09% |
Max Drawdown (1Y)Largest decline over 1 year | -23.20% | -12.05% | -11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -58.88% | -24.50% | -34.38% |
Max Drawdown (10Y)Largest decline over 10 years | -71.68% | -33.72% | -37.96% |
Current DrawdownCurrent decline from peak | -22.91% | -6.24% | -16.67% |
Average DrawdownAverage peak-to-trough decline | -51.67% | -9.09% | -42.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 2.52% | +5.17% |
Volatility
THC vs. SPY - Volatility Comparison
Tenet Healthcare Corporation (THC) has a higher volatility of 9.59% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that THC'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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Volatility by Period
| THC | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.59% | 5.31% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 28.64% | 9.47% | +19.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.18% | 19.05% | +24.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.21% | 17.06% | +27.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 17.92% | +38.41% |