^SP600 vs. GNE
^SP600 (S&P 600) is an index, while GNE (Genie Energy Ltd.) is a stock. Over the past 10 years, ^SP600 returned 9.37%/yr vs 11.21%/yr for GNE. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
^SP600 vs. GNE - Performance Comparison
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Returns By Period
In the year-to-date period, ^SP600 achieves a 24.58% return, which is significantly higher than GNE's 2.16% return. Over the past 10 years, ^SP600 has underperformed GNE with an annualized return of 9.37%, while GNE has yielded a comparatively higher 11.21% annualized return.
^SP600
- 1D
- 1.69%
- 1M
- 2.62%
- 6M
- 16.84%
- YTD
- 24.58%
- 1Y
- 36.04%
- 3Y*
- 13.23%
- 5Y*
- 6.41%
- 10Y*
- 9.37%
- ALL TIME*
- 9.63%
GNE
- 1D
- -1.42%
- 1M
- -4.72%
- 6M
- 0.62%
- YTD
- 2.16%
- 1Y
- -31.33%
- 3Y*
- 2.52%
- 5Y*
- 20.90%
- 10Y*
- 11.21%
- ALL TIME*
- 6.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^SP600 S&P 600 | $201.10B | $92.27B | $34.40B |
| $1.00M | $1.11M | $1.20M |
^SP600 vs. GNE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^SP600 S&P 600 | 24.58% | 4.23% | 6.82% | 13.89% | -17.42% | 25.27% | 9.57% | 20.86% | -9.75% | 11.73% |
GNE Genie Energy Ltd. | 2.16% | -9.91% | -43.56% | 177.26% | 95.26% | -21.65% | -2.76% | 32.91% | 46.22% | -20.42% |
Correlation
The correlation between ^SP600 and GNE is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2011 | 0.33 |
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Return for Risk
^SP600 vs. GNE — Risk / Return Rank
^SP600
GNE
^SP600 vs. GNE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 600 (^SP600) and Genie Energy Ltd. (GNE). 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.
| ^SP600 | GNE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.00 | ||
| Sortino ratioReturn per unit of downside risk | +4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.84 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | -0.89 | +4.95 |
| Martin ratioReturn relative to average drawdown | 13.84 | -1.10 | +14.94 |
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Drawdowns
^SP600 vs. GNE - Drawdown Comparison
The maximum ^SP600 drawdown since its inception was -59.17%, smaller than the maximum GNE drawdown of -75.12%. Use the drawdown chart below to compare losses from any high point for ^SP600 and GNE.
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Drawdown Indicators
| ^SP600 | GNE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.17% | -75.12% | +15.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -35.17% | +26.23% |
Max Drawdown (3Y)Largest decline over 3 years | -28.39% | -55.52% | +27.13% |
Max Drawdown (5Y)Largest decline over 5 years | -28.39% | -55.52% | +27.13% |
Max Drawdown (10Y)Largest decline over 10 years | -45.77% | -57.65% | +11.88% |
Current DrawdownCurrent decline from peak | 0.00% | -52.26% | +52.26% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -43.33% | +34.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 29.33% | -26.72% |
Volatility
^SP600 vs. GNE - Volatility Comparison
The current volatility for S&P 600 (^SP600) is 4.10%, while Genie Energy Ltd. (GNE) has a volatility of 6.44%. This indicates that ^SP600 experiences smaller price fluctuations and is considered to be less risky than GNE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^SP600 | GNE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 6.44% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 20.08% | -8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.40% | 34.70% | -17.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.33% | 42.69% | -21.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.15% | 44.67% | -21.52% |
Frequently Asked Questions
^SP600 and GNE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GNE has higher volatility (6.44%) compared to ^SP600 (4.10%). In terms of maximum drawdown, ^SP600 dropped -59.17% vs GNE's -75.12%.
^SP600 currently has the higher Sharpe Ratio (2.09 vs -0.91), 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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