^GSPC vs. ABNB
^GSPC (S&P 500 Index) is an index, while ABNB (Airbnb, Inc.) is a stock. Over the past 5 years, ^GSPC returned 11.84%/yr vs -2.28%/yr for ABNB. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
^GSPC vs. ABNB - Performance Comparison
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Returns By Period
In the year-to-date period, ^GSPC achieves a 8.56% return, which is significantly higher than ABNB's -2.53% return.
^GSPC
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
ABNB
- 1D
- 1.08%
- 1M
- -0.52%
- YTD
- -2.53%
- 6M
- 3.03%
- 1Y
- -4.70%
- 3Y*
- 1.93%
- 5Y*
- -2.28%
- 10Y*
- —
^GSPC vs. ABNB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
^GSPC S&P 500 Index | 8.56% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 2.27% |
ABNB Airbnb, Inc. | -2.53% | 3.28% | -3.47% | 59.23% | -48.65% | 13.41% | 0.55% |
Correlation
The correlation between ^GSPC and ABNB is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.55 |
The correlation between ^GSPC and ABNB has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
^GSPC vs. ABNB — Risk / Return Rank
^GSPC
ABNB
^GSPC vs. ABNB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and Airbnb, Inc. (ABNB). 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.
| ^GSPC | ABNB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.00 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | -0.22 | +2.75 |
| Martin ratioReturn relative to average drawdown | 11.37 | -0.47 | +11.84 |
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Drawdowns
^GSPC vs. ABNB - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, smaller than the maximum ABNB drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for ^GSPC and ABNB.
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Drawdown Indicators
| ^GSPC | ABNB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.78% | -61.96% | +5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -21.54% | +12.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -37.16% | +18.26% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -60.19% | +34.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | — | — |
Current DrawdownCurrent decline from peak | -2.34% | -39.00% | +36.66% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -36.12% | +25.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 10.06% | -8.04% |
Volatility
^GSPC vs. ABNB - Volatility Comparison
The current volatility for S&P 500 Index (^GSPC) is 4.43%, while Airbnb, Inc. (ABNB) has a volatility of 7.64%. This indicates that ^GSPC experiences smaller price fluctuations and is considered to be less risky than ABNB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^GSPC | ABNB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 7.64% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 22.25% | -12.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 29.05% | -16.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 43.76% | -26.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 45.93% | -27.84% |
Frequently Asked Questions
^GSPC and ABNB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABNB has higher volatility (7.64%) compared to ^GSPC (4.43%). In terms of maximum drawdown, ^GSPC dropped -56.78% vs ABNB's -61.96%.
^GSPC currently has the higher Sharpe Ratio (1.86 vs -0.16), 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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