^SP600 vs. GNE

Last updated Jun 4, 2026

^SP600 (S&P 600) is an index, while GNE (Genie Energy Ltd.) is a stock. Over the past 10 years, ^SP600 returned 9.01%/yr vs 9.90%/yr for GNE. At a 0.33 correlation, their price movements are largely independent.

Performance

^SP600 vs. GNE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 600 (^SP600) and Genie Energy Ltd. (GNE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^SP600 achieves a 14.59% return, which is significantly higher than GNE's -1.14% return. Over the past 10 years, ^SP600 has underperformed GNE with an annualized return of 9.01%, while GNE has yielded a comparatively higher 9.90% annualized return.

^SP600

• 1D: -0.85%
• 1M: 1.57%
• YTD: 14.59%
• 6M: 13.25%
• 1Y: 29.43%
• 3Y*: 12.49%
• 5Y*: 3.98%
• 10Y*: 9.01%

GNE

• 1D: -3.99%
• 1M: -4.35%
• YTD: -1.14%
• 6M: -5.40%
• 1Y: -36.52%
• 3Y*: 0.13%
• 5Y*: 19.92%
• 10Y*: 9.90%

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

^SP600 vs. GNE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SP600 S&P 600	14.59%	4.23%	6.82%	13.89%	-17.42%	25.27%	9.57%	20.86%	-9.75%	11.73%
GNE Genie Energy Ltd.	-1.14%	-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 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 27, 2011	0.33

Return for Risk

^SP600 vs. GNE — Risk / Return Rank

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

^SP600

^SP600 Risk / Return Rank: 66
^SP600 Sharpe Ratio Rank: 57
^SP600 Sortino Ratio Rank: 61
^SP600 Omega Ratio Rank: 57
^SP600 Calmar Ratio Rank: 81
^SP600 Martin Ratio Rank: 71

GNE

GNE Risk / Return Rank: 12
GNE Sharpe Ratio Rank: 5
GNE Sortino Ratio Rank: 8
GNE Omega Ratio Rank: 7
GNE Calmar Ratio Rank: 15
GNE Martin Ratio Rank: 24

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.

^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.

	^SP600	GNE	Difference
Sharpe ratio Return per unit of total volatility	1.69	-0.98	+2.66
Sortino ratio Return per unit of downside risk	2.48	-1.22	+3.69
Omega ratio Gain probability vs. loss probability	1.29	0.83	+0.46
Calmar ratio Return relative to maximum drawdown	3.31	-0.70	+4.01
Martin ratio Return relative to average drawdown	11.03	-0.84	+11.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SP600 vs. GNE - Sharpe Ratio Comparison

The current ^SP600 Sharpe Ratio is 1.69, which is higher than the GNE Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of ^SP600 and GNE, 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

	^SP600	GNE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	-0.98	+2.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.46	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.22	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.12	+0.33

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.

Drawdown Indicators

	^SP600	GNE	Difference
Max Drawdown Largest peak-to-trough decline	-59.17%	-75.12%	+15.95%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-52.48%	+43.54%
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 Drawdown Current decline from peak	-0.92%	-53.81%	+52.89%
Average Drawdown Average peak-to-trough decline	-9.28%	-43.25%	+33.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	43.68%	-41.01%

Volatility

^SP600 vs. GNE - Volatility Comparison

The current volatility for S&P 600 (^SP600) is 4.45%, while Genie Energy Ltd. (GNE) has a volatility of 10.21%. 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.

Volatility by Period

	^SP600	GNE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	10.21%	-5.76%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	21.71%	-9.98%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	37.57%	-19.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.46%	43.24%	-21.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.19%	44.86%	-21.67%

Frequently Asked Questions

Can I hold both ^SP600 and GNE in my portfolio?

^SP600 and GNE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^SP600 or GNE?

GNE has higher volatility (10.21%) compared to ^SP600 (4.45%). In terms of maximum drawdown, ^SP600 dropped -59.17% vs GNE's -75.12%.

Which has better risk-adjusted returns?

^SP600 currently has the higher Sharpe Ratio (1.69 vs -0.98), 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.