Correlation
The correlation between WVE and SPY is 0.26, 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.
WVE vs. SPY
Compare and contrast key facts about Wave Life Sciences Ltd. (WVE) 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: WVE or SPY.
Performance
WVE vs. SPY - Performance Comparison
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Key characteristics
WVE:
-0.01
SPY:
0.61
WVE:
1.03
SPY:
1.05
WVE:
1.12
SPY:
1.15
WVE:
-0.01
SPY:
0.70
WVE:
-0.02
SPY:
2.68
WVE:
30.87%
SPY:
4.92%
WVE:
116.63%
SPY:
20.44%
WVE:
-97.77%
SPY:
-55.19%
WVE:
-89.04%
SPY:
-3.82%
Returns By Period
In the year-to-date period, WVE achieves a -51.09% return, which is significantly lower than SPY's 0.58% return.
WVE
-51.09%
-11.42%
-59.64%
-1.47%
59.89%
-9.88%
N/A
SPY
0.58%
6.70%
-1.23%
12.34%
13.93%
15.74%
12.71%
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Risk-Adjusted Performance
WVE vs. SPY — Risk-Adjusted Performance Rank
WVE
SPY
WVE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wave Life Sciences Ltd. (WVE) 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
WVE vs. SPY - Dividend Comparison
WVE 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WVE Wave Life Sciences 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
WVE vs. SPY - Drawdown Comparison
The maximum WVE drawdown since its inception was -97.77%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WVE and SPY.
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Volatility
WVE vs. SPY - Volatility Comparison
Wave Life Sciences Ltd. (WVE) has a higher volatility of 23.98% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that WVE'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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