Correlation
The correlation between WLDS and SPY is 0.15, 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.
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.
Performance
WLDS vs. SPY - Performance Comparison
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Key characteristics
WLDS:
-0.65
SPY:
0.70
WLDS:
-2.01
SPY:
1.02
WLDS:
0.79
SPY:
1.15
WLDS:
-0.95
SPY:
0.68
WLDS:
-1.28
SPY:
2.57
WLDS:
73.90%
SPY:
4.93%
WLDS:
146.95%
SPY:
20.42%
WLDS:
-99.49%
SPY:
-55.19%
WLDS:
-99.31%
SPY:
-3.55%
Returns By Period
In the year-to-date period, WLDS achieves a -81.19% return, which is significantly lower than SPY's 0.87% return.
WLDS
-81.19%
-6.29%
-78.76%
-94.88%
N/A
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
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.
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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 1.22%.
| 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 | 1.22% | 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 -99.49%, 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.
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Volatility
WLDS vs. SPY - Volatility Comparison
Wearable Devices Ltd. (WLDS) has a higher volatility of 29.06% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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.
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