^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 9.14%/yr vs 10.75%/yr for GNE. At a 0.33 correlation, their price movements are largely independent.
Performance
^SP600 vs. GNE - Performance Comparison
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Returns By Period
In the year-to-date period, ^SP600 achieves a 21.07% return, which is significantly higher than GNE's 3.99% return. Over the past 10 years, ^SP600 has underperformed GNE with an annualized return of 9.14%, while GNE has yielded a comparatively higher 10.75% annualized return.
^SP600
- 1D
- 0.51%
- 1M
- 1.82%
- 6M
- 14.47%
- YTD
- 21.07%
- 1Y
- 31.54%
- 3Y*
- 12.84%
- 5Y*
- 6.49%
- 10Y*
- 9.14%
GNE
- 1D
- 1.07%
- 1M
- 1.94%
- 6M
- -1.04%
- YTD
- 3.99%
- 1Y
- -32.73%
- 3Y*
- 3.92%
- 5Y*
- 23.45%
- 10Y*
- 10.75%
^SP600 vs. GNE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^SP600 S&P 600 | 21.07% | 4.23% | 6.82% | 13.89% | -17.42% | 25.27% | 9.57% | 20.86% | -9.75% | 11.73% |
GNE Genie Energy Ltd. | 3.99% | -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 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 | +2.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.83 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.84 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | -0.85 | +4.40 |
| Martin ratioReturn relative to average drawdown | 11.90 | -1.05 | +12.95 |
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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% | -38.54% | +29.60% |
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 | -1.51% | -51.41% | +49.90% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -43.30% | +34.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 31.17% | -28.51% |
Volatility
^SP600 vs. GNE - Volatility Comparison
The current volatility for S&P 600 (^SP600) is 3.89%, while Genie Energy Ltd. (GNE) has a volatility of 7.31%. 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 | 3.89% | 7.31% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 20.76% | -8.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 35.16% | -17.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.40% | 42.74% | -21.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 44.80% | -21.66% |
Frequently Asked Questions
^SP600 and GNE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GNE has higher volatility (7.31%) compared to ^SP600 (3.89%). In terms of maximum drawdown, ^SP600 dropped -59.17% vs GNE's -75.12%.
^SP600 currently has the higher Sharpe Ratio (1.82 vs -0.94), 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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