PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XOMA vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XOMA vs. SPY

Last updated Aug 1, 2026
Documentation

XOMA (XOMA Corporation) 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 10 years, XOMA returned 14.31%/yr vs 15.07%/yr for SPY. Their 0.28 correlation means their historical movements had little consistent relationship.

Performance

XOMA vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in XOMA Corporation (XOMA) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XOMA achieves a 51.07% return, which is significantly higher than SPY's 10.13% return. Over the past 10 years, XOMA has underperformed SPY with an annualized return of 14.31%, while SPY has yielded a comparatively higher 15.07% annualized return.

XOMA

1D
0.00%
1M
-6.58%
6M
56.55%
YTD
51.07%
1Y
62.17%
3Y*
34.39%
5Y*
4.47%
10Y*
14.31%
ALL TIME*
-12.08%

SPY

1D
0.72%
1M
0.30%
6M
8.53%
YTD
10.13%
1Y
21.49%
3Y*
19.32%
5Y*
12.76%
10Y*
15.07%
ALL TIME*
10.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

SPY

State Street SPDR S&P 500 ETF
$37.27B$35.99B$39.23B

XOMA vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XOMA
XOMA Corporation		51.07%1.18%42.05%0.54%-11.75%-52.75%61.65%115.81%-64.47%743.60%
SPY
State Street SPDR S&P 500 ETF		10.13%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Correlation

The correlation between XOMA and SPY is 0.27, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.27

Correlation (3Y)
Balances recent behavior with more history.

0.25

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.25

Correlation (10Y)
Provides a long-term view across more market conditions.

0.26

Correlation (All Time)
Calculated using the full available price history since Jan 29, 1993

0.28

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

XOMA Corporation

State Street SPDR S&P 500 ETF

Often compared with XOMA:
XOMA vs. SHELL.ASXOMA vs. XLE
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

XOMA vs. SPY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XOMA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPY
SPY Risk / Return Rank: 6767
Overall Rank
SPY Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6464
Sortino Ratio Rank
SPY Omega Ratio Rank: 6565
Omega Ratio Rank
SPY Calmar Ratio Rank: 6464
Calmar Ratio Rank
SPY Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XOMA vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for XOMA Corporation (XOMA) 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.

XOMASPYDifference
Sharpe ratioReturn per unit of total volatility
0.86
1.52

-0.66

Sortino ratioReturn per unit of downside risk
1.35
2.11

-0.76

Omega ratioGain probability vs. loss probability

1.21

1.27

-0.06

Calmar ratioReturn relative to maximum drawdown

1.06

2.20

-1.14

Martin ratioReturn relative to average drawdown

2.27

9.40

-7.13

XOMA vs. SPY - Sharpe Ratio Comparison

The current XOMA Sharpe Ratio is 0.86, which is lower than the SPY Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of XOMA and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XOMA vs. SPY - Drawdown Comparison

The maximum XOMA drawdown since its inception was -99.96%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XOMA and SPY.

Loading charts...

Drawdown Indicators

XOMASPYDifference

Max Drawdown

Largest peak-to-trough decline

-99.96%

-55.19%

-44.77%

Max Drawdown (1Y)

Largest decline over 1 year

-42.37%

-8.88%

-33.49%

Max Drawdown (3Y)

Largest decline over 3 years

-44.63%

-18.76%

-25.87%

Max Drawdown (5Y)

Largest decline over 5 years

-57.80%

-24.50%

-33.30%

Max Drawdown (10Y)

Largest decline over 10 years

-70.71%

-33.72%

-36.99%

Current Drawdown

Current decline from peak

-99.58%

-1.40%

-98.18%

Average Drawdown

Average peak-to-trough decline

-86.27%

-9.01%

-77.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.78%

2.08%

+17.70%

Volatility

XOMA vs. SPY - Volatility Comparison

XOMA Corporation (XOMA) has a higher volatility of 10.54% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that XOMA'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.

Loading charts...

Volatility by Period

XOMASPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.54%

3.58%

+6.96%

Volatility (6M)

Calculated over the trailing 6-month period

32.22%

10.14%

+22.08%

Volatility (1Y)

Calculated over the trailing 1-year period

52.58%

12.89%

+39.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

60.36%

17.18%

+43.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

66.09%

17.95%

+48.14%

Dividends

XOMA vs. SPY - Dividend Comparison

XOMA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.01%.

PositionTTM20252024202320222021202020192018201720162015
SPY
State Street SPDR S&P 500 ETF		1.01%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%
XOMA
XOMA Corporation		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

XOMA 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.

XOMA has higher volatility (10.54%) compared to SPY (3.58%). In terms of maximum drawdown, XOMA dropped -99.96% vs SPY's -55.19%.

SPY currently has the higher Sharpe Ratio (1.52 vs 0.85), 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.

Portfolio Optimizer

Find the right allocation for XOMA and SPY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer