WLDS vs. SPY
Compare and contrast key facts about Wearable Devices Ltd. (WLDS) 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: WLDS or SPY.
Correlation
The correlation between WLDS and SPY is 0.14, 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
WLDS vs. SPY - Performance Comparison
Key characteristics
WLDS:
-0.68
SPY:
1.97
WLDS:
-1.56
SPY:
2.64
WLDS:
0.83
SPY:
1.36
WLDS:
-0.89
SPY:
2.97
WLDS:
-1.48
SPY:
12.34
WLDS:
58.99%
SPY:
2.03%
WLDS:
127.15%
SPY:
12.68%
WLDS:
-98.70%
SPY:
-55.19%
WLDS:
-98.33%
SPY:
-0.01%
Returns By Period
In the year-to-date period, WLDS achieves a -54.72% return, which is significantly lower than SPY's 4.03% return.
WLDS
-54.72%
-30.98%
-88.73%
-88.52%
N/A
N/A
SPY
4.03%
2.03%
9.65%
23.63%
14.28%
13.18%
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Risk-Adjusted Performance
WLDS vs. SPY — Risk-Adjusted Performance Rank
WLDS
SPY
WLDS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wearable Devices Ltd. (WLDS) 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
WLDS vs. SPY - Dividend Comparison
WLDS 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WLDS Wearable Devices Ltd. | 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
WLDS vs. SPY - Drawdown Comparison
The maximum WLDS drawdown since its inception was -98.70%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WLDS and SPY. For additional features, visit the drawdowns tool.
Volatility
WLDS vs. SPY - Volatility Comparison
Wearable Devices Ltd. (WLDS) has a higher volatility of 46.01% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that WLDS'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.