ZIP vs. SPY
ZIP (ZipRecruiter, Inc.) 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 5 years, ZIP returned -30.81%/yr vs 12.94%/yr for SPY. At a 0.44 correlation, their price movements are largely independent.
Performance
ZIP vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, ZIP achieves a 1.28% return, which is significantly lower than SPY's 10.45% return.
ZIP
- 1D
- 2.07%
- 1M
- 9.42%
- 6M
- 21.54%
- YTD
- 1.28%
- 1Y
- -18.72%
- 3Y*
- -40.27%
- 5Y*
- -30.81%
- 10Y*
- —
SPY
- 1D
- -0.77%
- 1M
- 1.26%
- 6M
- 8.34%
- YTD
- 10.45%
- 1Y
- 21.46%
- 3Y*
- 20.07%
- 5Y*
- 12.94%
- 10Y*
- 15.08%
ZIP vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZIP ZipRecruiter, Inc. | 1.28% | -46.13% | -47.91% | -15.35% | -34.16% | 24.70% |
SPY State Street SPDR S&P 500 ETF | 10.45% | 17.72% | 24.89% | 26.18% | -18.18% | 14.70% |
Correlation
The correlation between ZIP and SPY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.44 |
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Return for Risk
ZIP vs. SPY — Risk / Return Rank
ZIP
SPY
ZIP vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ZipRecruiter, Inc. (ZIP) 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.
| ZIP | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.31 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 2.43 | -2.70 |
| Martin ratioReturn relative to average drawdown | -0.50 | 10.57 | -11.08 |
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Drawdowns
ZIP vs. SPY - Drawdown Comparison
The maximum ZIP drawdown since its inception was -94.74%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ZIP and SPY.
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Drawdown Indicators
| ZIP | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.74% | -55.19% | -39.55% |
Max Drawdown (1Y)Largest decline over 1 year | -69.22% | -8.88% | -60.34% |
Max Drawdown (3Y)Largest decline over 3 years | -91.08% | -18.76% | -72.32% |
Max Drawdown (5Y)Largest decline over 5 years | -94.74% | -24.50% | -70.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -87.71% | -1.12% | -86.59% |
Average DrawdownAverage peak-to-trough decline | -57.71% | -9.02% | -48.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.32% | 2.03% | +35.29% |
Volatility
ZIP vs. SPY - Volatility Comparison
ZipRecruiter, Inc. (ZIP) has a higher volatility of 24.20% compared to State Street SPDR S&P 500 ETF (SPY) at 4.26%. This indicates that ZIP'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
| ZIP | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.20% | 4.26% | +19.94% |
Volatility (6M)Calculated over the trailing 6-month period | 75.52% | 10.01% | +65.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.14% | 12.60% | +77.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.28% | 17.17% | +46.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.46% | 17.93% | +45.53% |
Dividends
ZIP vs. SPY - Dividend Comparison
ZIP has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
ZIP ZipRecruiter, Inc. | 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
ZIP and SPY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZIP has higher volatility (24.20%) compared to SPY (4.26%). In terms of maximum drawdown, ZIP dropped -94.74% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.71 vs -0.21), 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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