WLDS vs. SPY
WLDS (Wearable Devices Ltd.) 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 3 years, WLDS returned -88.60%/yr vs 20.66%/yr for SPY. At a 0.18 correlation, their price movements are largely independent.
Performance
WLDS vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, WLDS achieves a -81.58% return, which is significantly lower than SPY's 8.10% return.
WLDS
- 1D
- 0.00%
- 1M
- -26.06%
- YTD
- -81.58%
- 6M
- -83.85%
- 1Y
- -86.87%
- 3Y*
- -88.60%
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- -0.05%
- 1M
- -1.41%
- YTD
- 8.10%
- 6M
- 6.77%
- 1Y
- 22.18%
- 3Y*
- 20.66%
- 5Y*
- 12.96%
- 10Y*
- 15.53%
WLDS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WLDS Wearable Devices Ltd. | -81.58% | -86.93% | -68.31% | -21.18% | -90.71% |
SPY State Street SPDR S&P 500 ETF | 8.10% | 17.72% | 24.89% | 26.18% | -6.13% |
Correlation
The correlation between WLDS and SPY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.18 |
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Return for Risk
WLDS vs. SPY — Risk / Return Rank
WLDS
SPY
WLDS vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wearable Devices Ltd. (WLDS) 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.
| WLDS | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.33 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.51 | -3.40 |
| Martin ratioReturn relative to average drawdown | -1.14 | 11.15 | -12.29 |
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Drawdowns
WLDS vs. SPY - Drawdown Comparison
The maximum WLDS drawdown since its inception was -99.95%, 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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Drawdown Indicators
| WLDS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -55.19% | -44.76% |
Max Drawdown (1Y)Largest decline over 1 year | -97.85% | -8.88% | -88.97% |
Max Drawdown (3Y)Largest decline over 3 years | -99.85% | -18.76% | -81.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -99.94% | -3.22% | -96.72% |
Average DrawdownAverage peak-to-trough decline | -91.57% | -9.03% | -82.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.00% | 1.99% | +74.01% |
Volatility
WLDS vs. SPY - Volatility Comparison
Wearable Devices Ltd. (WLDS) has a higher volatility of 45.46% compared to State Street SPDR S&P 500 ETF (SPY) at 4.85%. 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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Volatility by Period
| WLDS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 45.46% | 4.85% | +40.61% |
Volatility (6M)Calculated over the trailing 6-month period | 72.76% | 9.81% | +62.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 428.10% | 12.47% | +415.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 275.18% | 17.15% | +258.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 275.18% | 17.95% | +257.23% |
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 1.03%.
| 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% |
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% |
Frequently Asked Questions
WLDS and SPY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WLDS has higher volatility (45.46%) compared to SPY (4.85%). In terms of maximum drawdown, WLDS dropped -99.95% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.79 vs -0.20), 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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