^OOI vs. GOOGL

Last updated Jun 5, 2026

^OOI (S&P Global 100 Index) is an index, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 10 years, ^OOI returned 14.64%/yr vs 26.24%/yr for GOOGL. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

^OOI vs. GOOGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P Global 100 Index (^OOI) and Alphabet Inc. Class A (GOOGL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^OOI achieves a 12.00% return, which is significantly lower than GOOGL's 18.99% return. Over the past 10 years, ^OOI has underperformed GOOGL with an annualized return of 14.64%, while GOOGL has yielded a comparatively higher 26.24% annualized return.

^OOI

• 1D: 0.42%
• 1M: 4.59%
• YTD: 12.00%
• 6M: 12.33%
• 1Y: 36.99%
• 3Y*: 24.33%
• 5Y*: 15.25%
• 10Y*: 14.64%

GOOGL

• 1D: 3.68%
• 1M: -4.18%
• YTD: 18.99%
• 6M: 17.34%
• 1Y: 122.24%
• 3Y*: 43.87%
• 5Y*: 25.68%
• 10Y*: 26.24%

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

^OOI vs. GOOGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^OOI S&P Global 100 Index	12.00%	25.76%	25.21%	25.35%	-17.62%	23.90%	16.63%	26.80%	-8.23%	20.59%
GOOGL Alphabet Inc. Class A	18.99%	65.99%	36.01%	58.32%	-39.09%	65.30%	30.85%	28.18%	-0.80%	32.93%

Correlation

The correlation between ^OOI and GOOGL is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Aug 20, 2004	0.57

The correlation between ^OOI and GOOGL shifts across timeframes, from 0.57 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

^OOI vs. GOOGL — Risk / Return Rank

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

^OOI

^OOI Risk / Return Rank: 92
^OOI Sharpe Ratio Rank: 93
^OOI Sortino Ratio Rank: 96
^OOI Omega Ratio Rank: 95
^OOI Calmar Ratio Rank: 86
^OOI Martin Ratio Rank: 90

GOOGL

GOOGL Risk / Return Rank: 96
GOOGL Sharpe Ratio Rank: 98
GOOGL Sortino Ratio Rank: 98
GOOGL Omega Ratio Rank: 97
GOOGL Calmar Ratio Rank: 94
GOOGL Martin Ratio Rank: 96

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.

^OOI vs. GOOGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P Global 100 Index (^OOI) and Alphabet Inc. Class A (GOOGL). 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.

	^OOI	GOOGL	Difference
Sharpe ratio: Return per unit of total volatility	2.90	4.19	-1.29
Sortino ratio: Return per unit of downside risk	3.95	5.50	-1.55
Omega ratio: Gain probability vs. loss probability	1.52	1.67	-0.14
Calmar ratio: Return relative to maximum drawdown	3.56	6.04	-2.48
Martin ratio: Return relative to average drawdown	16.02	22.22	-6.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^OOI vs. GOOGL - Sharpe Ratio Comparison

The current ^OOI Sharpe Ratio is 2.90, which is lower than the GOOGL Sharpe Ratio of 4.19. The chart below compares the historical Sharpe Ratios of ^OOI and GOOGL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^OOI	GOOGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	4.19	-1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.82	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.90	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.84	-0.52

Drawdowns

^OOI vs. GOOGL - Drawdown Comparison

The maximum ^OOI drawdown since its inception was -57.27%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for ^OOI and GOOGL.

Drawdown Indicators

	^OOI	GOOGL	Difference
Max Drawdown Largest peak-to-trough decline	-57.27%	-65.29%	+8.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.99%	-20.37%	+10.38%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	-29.81%	+10.93%
Max Drawdown (5Y) Largest decline over 5 years	-24.25%	-44.32%	+20.07%
Max Drawdown (10Y) Largest decline over 10 years	-31.27%	-44.32%	+13.05%
Current Drawdown Current decline from peak	-0.88%	-7.56%	+6.68%
Average Drawdown Average peak-to-trough decline	-14.11%	-13.02%	-1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	5.52%	-3.27%

Volatility

^OOI vs. GOOGL - Volatility Comparison

The current volatility for S&P Global 100 Index (^OOI) is 2.99%, while Alphabet Inc. Class A (GOOGL) has a volatility of 9.04%. This indicates that ^OOI experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^OOI	GOOGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	9.04%	-6.05%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	20.86%	-11.32%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	29.35%	-17.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	31.32%	-15.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.98%	29.12%	-13.14%

Frequently Asked Questions

Can I hold both ^OOI and GOOGL in my portfolio?

^OOI and GOOGL have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^OOI or GOOGL?

GOOGL has higher volatility (9.04%) compared to ^OOI (2.99%). In terms of maximum drawdown, ^OOI dropped -57.27% vs GOOGL's -65.29%.

Which has better risk-adjusted returns?

GOOGL currently has the higher Sharpe Ratio (4.19 vs 2.90), 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.