^GSPC vs. NFLX
^GSPC (S&P 500 Index) is an index, while NFLX (Netflix, Inc.) is a stock. Over the past 10 years, ^GSPC returned 13.09%/yr vs 22.91%/yr for NFLX. At a 0.41 correlation, their price movements are largely independent.
Performance
^GSPC vs. NFLX - Performance Comparison
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Returns By Period
In the year-to-date period, ^GSPC achieves a 8.73% return, which is significantly higher than NFLX's -27.90% return. Over the past 10 years, ^GSPC has underperformed NFLX with an annualized return of 13.09%, while NFLX has yielded a comparatively higher 22.91% annualized return.
^GSPC
- 1D
- -0.19%
- 1M
- -0.76%
- 6M
- 7.25%
- YTD
- 8.73%
- 1Y
- 18.21%
- 3Y*
- 17.95%
- 5Y*
- 11.30%
- 10Y*
- 13.09%
- ALL TIME*
- 8.08%
NFLX
- 1D
- -1.96%
- 1M
- -12.64%
- 6M
- -23.18%
- YTD
- -27.90%
- 1Y
- -44.10%
- 3Y*
- 16.50%
- 5Y*
- 5.65%
- 10Y*
- 22.91%
- ALL TIME*
- 30.17%
^GSPC vs. NFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GSPC S&P 500 Index | 8.73% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
NFLX Netflix, Inc. | -27.90% | 5.19% | 83.07% | 65.11% | -51.05% | 11.41% | 67.11% | 20.89% | 39.44% | 55.06% |
Correlation
The correlation between ^GSPC and NFLX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 23, 2002 | 0.41 |
Over the past year, the correlation between ^GSPC and NFLX has dropped to 0.13 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
^GSPC vs. NFLX — Risk / Return Rank
^GSPC
NFLX
^GSPC vs. NFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and Netflix, Inc. (NFLX). 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 | NFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +4.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.75 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | -0.95 | +2.96 |
| Martin ratioReturn relative to average drawdown | 8.68 | -1.76 | +10.44 |
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Drawdowns
^GSPC vs. NFLX - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, smaller than the maximum NFLX drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for ^GSPC and NFLX.
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Drawdown Indicators
| ^GSPC | NFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.78% | -81.99% | +25.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -46.49% | +37.39% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -49.52% | +30.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -75.95% | +50.52% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | -75.95% | +42.03% |
Current DrawdownCurrent decline from peak | -2.19% | -49.52% | +47.33% |
Average DrawdownAverage peak-to-trough decline | -10.70% | -24.98% | +14.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 25.06% | -22.96% |
Volatility
^GSPC vs. NFLX - Volatility Comparison
The current volatility for S&P 500 Index (^GSPC) is 3.13%, while Netflix, Inc. (NFLX) has a volatility of 13.34%. This indicates that ^GSPC experiences smaller price fluctuations and is considered to be less risky than NFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^GSPC | NFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 13.34% | -10.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 27.81% | -17.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 34.79% | -22.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 43.50% | -26.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 41.38% | -23.32% |
Frequently Asked Questions
^GSPC and NFLX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFLX has higher volatility (13.34%) compared to ^GSPC (3.13%). In terms of maximum drawdown, ^GSPC dropped -56.78% vs NFLX's -81.99%.
^GSPC currently has the higher Sharpe Ratio (1.45 vs -1.27), 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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