^GSPC vs. NOW
^GSPC (S&P 500 Index) is an index, while NOW (ServiceNow, Inc) is a stock. Over the past 10 years, ^GSPC returned 13.81%/yr vs 21.87%/yr for NOW. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
^GSPC vs. NOW - Performance Comparison
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Returns By Period
In the year-to-date period, ^GSPC achieves a 10.35% return, which is significantly higher than NOW's -32.01% return. Over the past 10 years, ^GSPC has underperformed NOW with an annualized return of 13.81%, while NOW has yielded a comparatively higher 21.87% annualized 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%
NOW
- 1D
- 1.96%
- 1M
- 9.55%
- YTD
- -32.01%
- 6M
- -31.95%
- 1Y
- -47.33%
- 3Y*
- -2.71%
- 5Y*
- 0.41%
- 10Y*
- 21.87%
^GSPC vs. NOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GSPC S&P 500 Index | 10.35% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
NOW ServiceNow, Inc | -32.01% | -27.75% | 50.05% | 81.96% | -40.18% | 17.93% | 94.97% | 58.56% | 36.55% | 75.40% |
Correlation
The correlation between ^GSPC and NOW is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012 | 0.54 |
Over the past year, the correlation between ^GSPC and NOW has dropped to 0.23 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
^GSPC vs. NOW — Risk / Return Rank
^GSPC
NOW
^GSPC vs. NOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and ServiceNow, Inc (NOW). 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 | NOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.08 | ||
| Sortino ratioReturn per unit of downside risk | +4.23 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.83 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | -0.79 | +3.70 |
| Martin ratioReturn relative to average drawdown | 13.08 | -1.39 | +14.47 |
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Drawdowns
^GSPC vs. NOW - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, smaller than the maximum NOW drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for ^GSPC and NOW.
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Drawdown Indicators
| ^GSPC | NOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.78% | -64.54% | +7.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -60.28% | +51.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -64.54% | +45.64% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -64.54% | +39.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | -64.54% | +30.62% |
Current DrawdownCurrent decline from peak | -0.73% | -55.51% | +54.78% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -13.80% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 34.16% | -32.14% |
Volatility
^GSPC vs. NOW - Volatility Comparison
The current volatility for S&P 500 Index (^GSPC) is 4.67%, while ServiceNow, Inc (NOW) has a volatility of 25.39%. This indicates that ^GSPC experiences smaller price fluctuations and is considered to be less risky than NOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^GSPC | NOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 25.39% | -20.72% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 47.03% | -37.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 50.24% | -37.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 43.45% | -26.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 40.87% | -22.76% |
Frequently Asked Questions
^GSPC and NOW have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOW has higher volatility (25.39%) compared to ^GSPC (4.67%). In terms of maximum drawdown, ^GSPC dropped -56.78% vs NOW's -64.54%.
^GSPC currently has the higher Sharpe Ratio (2.14 vs -0.95), 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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