UPXI vs. SPY
UPXI (Upexi Inc.) 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 5 years, UPXI returned -62.46%/yr vs 13.05%/yr for SPY. At a 0.19 correlation, their price movements are largely independent.
Performance
UPXI vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, UPXI achieves a -50.30% return, which is significantly lower than SPY's 8.15% return.
UPXI
- 1D
- -3.47%
- 1M
- -37.69%
- YTD
- -50.30%
- 6M
- -54.62%
- 1Y
- -91.65%
- 3Y*
- -73.94%
- 5Y*
- -62.46%
- 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%
UPXI vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UPXI Upexi Inc. | -50.30% | -52.14% | -84.87% | -61.33% | -25.37% | -19.60% |
SPY State Street SPDR S&P 500 ETF | 8.15% | 17.72% | 24.89% | 26.18% | -18.18% | 13.15% |
Correlation
The correlation between UPXI and SPY is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.19 |
Over the past year, UPXI and SPY have become more correlated (0.47) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
UPXI vs. SPY — Risk / Return Rank
UPXI
SPY
UPXI vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Upexi Inc. (UPXI) 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.
| UPXI | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.34 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 2.67 | -3.65 |
| Martin ratioReturn relative to average drawdown | -1.37 | 11.92 | -13.29 |
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Drawdowns
UPXI vs. SPY - Drawdown Comparison
The maximum UPXI drawdown since its inception was -99.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UPXI and SPY.
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Drawdown Indicators
| UPXI | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.64% | -55.19% | -44.45% |
Max Drawdown (1Y)Largest decline over 1 year | -93.39% | -8.88% | -84.51% |
Max Drawdown (3Y)Largest decline over 3 years | -98.85% | -18.76% | -80.09% |
Max Drawdown (5Y)Largest decline over 5 years | -99.64% | -24.50% | -75.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -99.47% | -3.17% | -96.30% |
Average DrawdownAverage peak-to-trough decline | -72.96% | -9.04% | -63.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.85% | 1.98% | +69.87% |
Volatility
UPXI vs. SPY - Volatility Comparison
Upexi Inc. (UPXI) has a higher volatility of 26.13% compared to State Street SPDR S&P 500 ETF (SPY) at 4.87%. This indicates that UPXI'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
| UPXI | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.13% | 4.87% | +21.26% |
Volatility (6M)Calculated over the trailing 6-month period | 95.76% | 9.85% | +85.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 153.65% | 12.50% | +141.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 203.38% | 17.15% | +186.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 203.38% | 17.95% | +185.43% |
Dividends
UPXI vs. SPY - Dividend Comparison
UPXI 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% |
UPXI Upexi 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% |
Frequently Asked Questions
UPXI and SPY have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPXI has higher volatility (26.13%) compared to SPY (4.87%). In terms of maximum drawdown, UPXI dropped -99.64% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.90 vs -0.60), 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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