^GSPC vs. DRS

Last updated Jun 16, 2026

^GSPC (S&P 500 Index) is an index, while DRS (Leonardo DRS Inc. Common Stock) is a stock. Over the past 3 years, ^GSPC returned 19.66%/yr vs 40.85%/yr for DRS. At a 0.43 correlation, their price movements are largely independent.

Performance

^GSPC vs. DRS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Index (^GSPC) and Leonardo DRS Inc. Common Stock (DRS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^GSPC achieves a 10.35% return, which is significantly lower than DRS's 37.48% return.

^GSPC

• 1D: 1.65%
• 1M: 1.97%
• YTD: 10.35%
• 6M: 10.82%
• 1Y: 26.39%
• 3Y*: 19.66%
• 5Y*: 12.33%
• 10Y*: 13.81%

DRS

• 1D: -3.81%
• 1M: 12.72%
• YTD: 37.48%
• 6M: 39.15%
• 1Y: 2.22%
• 3Y*: 40.85%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

^GSPC vs. DRS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
^GSPC S&P 500 Index	10.35%	16.39%	23.31%	24.23%	-3.14%
DRS Leonardo DRS Inc. Common Stock	37.48%	6.56%	61.23%	56.81%	10.65%

Correlation

The correlation between ^GSPC and DRS is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Nov 29, 2022	0.43

Return for Risk

^GSPC vs. DRS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^GSPC

^GSPC Risk / Return Rank: 83
^GSPC Sharpe Ratio Rank: 81
^GSPC Sortino Ratio Rank: 84
^GSPC Omega Ratio Rank: 86
^GSPC Calmar Ratio Rank: 76
^GSPC Martin Ratio Rank: 86

DRS

DRS Risk / Return Rank: 42
DRS Sharpe Ratio Rank: 44
DRS Sortino Ratio Rank: 40
DRS Omega Ratio Rank: 40
DRS Calmar Ratio Rank: 44
DRS Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^GSPC vs. DRS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and Leonardo DRS Inc. Common Stock (DRS). 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	DRS	Difference
Sharpe ratio: Return per unit of total volatility	2.14	0.05	+2.08
Sortino ratio: Return per unit of downside risk	2.89	0.38	+2.51
Omega ratio: Gain probability vs. loss probability	1.39	1.05	+0.34
Calmar ratio: Return relative to maximum drawdown	2.91	0.07	+2.85
Martin ratio: Return relative to average drawdown	13.08	0.14	+12.95

^GSPC vs. DRS - Sharpe Ratio Comparison

The current ^GSPC Sharpe Ratio is 2.14, which is higher than the DRS Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of ^GSPC and DRS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

^GSPC vs. DRS - Drawdown Comparison

The maximum ^GSPC drawdown since its inception was -56.78%, which is greater than DRS's maximum drawdown of -32.48%. Use the drawdown chart below to compare losses from any high point for ^GSPC and DRS.

Drawdown Indicators

	^GSPC	DRS	Difference
Max Drawdown Largest peak-to-trough decline	-56.78%	-32.48%	-24.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-32.48%	+23.38%
Max Drawdown (3Y) Largest decline over 3 years	-18.90%	-32.48%	+13.58%
Max Drawdown (5Y) Largest decline over 5 years	-25.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.92%	—	—
Current Drawdown Current decline from peak	-0.73%	-6.06%	+5.33%
Average Drawdown Average peak-to-trough decline	-10.72%	-7.25%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	16.06%	-14.04%

Volatility

^GSPC vs. DRS - Volatility Comparison

The current volatility for S&P 500 Index (^GSPC) is 4.67%, while Leonardo DRS Inc. Common Stock (DRS) has a volatility of 14.30%. This indicates that ^GSPC experiences smaller price fluctuations and is considered to be less risky than DRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^GSPC	DRS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	14.30%	-9.63%
Volatility (6M) Calculated over the trailing 6-month period	9.83%	32.06%	-22.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	40.81%	-28.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	38.77%	-21.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	38.77%	-20.66%

Frequently Asked Questions

Can I hold both ^GSPC and DRS in my portfolio?

^GSPC and DRS have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^GSPC or DRS?

DRS has higher volatility (14.30%) compared to ^GSPC (4.67%). In terms of maximum drawdown, ^GSPC dropped -56.78% vs DRS's -32.48%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (2.14 vs 0.05), 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.