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^SP600 vs. GNE

Last updated Feb 24, 2024

Compare and contrast key facts about S&P 600 (^SP600) and Genie Energy Ltd. (GNE).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SP600 or GNE.

Key characteristics


^SP600GNE
YTD Return-1.73%-36.86%
1Y Return3.05%49.83%
3Y Return (Ann)0.18%34.52%
5Y Return (Ann)5.59%18.09%
10Y Return (Ann)6.99%8.12%
Sharpe Ratio0.180.97
Daily Std Dev20.31%53.32%
Max Drawdown-59.17%-75.12%
Current Drawdown-11.63%-41.98%

Correlation

0.33
-1.001.00

The correlation between ^SP600 and GNE is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

^SP600 vs. GNE - Performance Comparison

In the year-to-date period, ^SP600 achieves a -1.73% return, which is significantly higher than GNE's -36.86% return. Over the past 10 years, ^SP600 has underperformed GNE with an annualized return of 6.99%, while GNE has yielded a comparatively higher 8.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%0.00%20.00%40.00%60.00%80.00%100.00%SeptemberOctoberNovemberDecember2024February
8.26%
15.76%
^SP600
GNE

Compare stocks, funds, or ETFs


S&P 600

Genie Energy Ltd.

^SP600 vs. GNE - Risk-Adjusted Performance 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
^SP600
S&P 600
0.18
GNE
Genie Energy Ltd.
0.97

^SP600 vs. GNE - Sharpe Ratio Comparison

The current ^SP600 Sharpe Ratio is 0.18, which is lower than the GNE Sharpe Ratio of 0.97. The chart below compares the 12-month rolling Sharpe Ratio of ^SP600 and GNE.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00SeptemberOctoberNovemberDecember2024February
0.18
0.97
^SP600
GNE

^SP600 vs. GNE - Drawdown Comparison

The maximum ^SP600 drawdown since its inception was -59.17%, smaller than the maximum GNE drawdown of -75.12%. The drawdown chart below compares losses from any high point along the way for ^SP600 and GNE


-40.00%-30.00%-20.00%-10.00%0.00%SeptemberOctoberNovemberDecember2024February
-11.63%
-41.98%
^SP600
GNE

^SP600 vs. GNE - Volatility Comparison

The current volatility for S&P 600 (^SP600) is 6.86%, while Genie Energy Ltd. (GNE) has a volatility of 9.90%. 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.


5.00%10.00%15.00%20.00%SeptemberOctoberNovemberDecember2024February
6.86%
9.90%
^SP600
GNE