^SP600 vs. GNE
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.
Correlation
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.
Performance
^SP600 vs. GNE - Performance Comparison
Key characteristics
^SP600:
-0.57
GNE:
-0.05
^SP600:
-0.67
GNE:
0.14
^SP600:
0.92
GNE:
1.02
^SP600:
-0.48
GNE:
-0.03
^SP600:
-1.71
GNE:
-0.15
^SP600:
7.05%
GNE:
10.63%
^SP600:
21.26%
GNE:
30.16%
^SP600:
-59.17%
GNE:
-75.12%
^SP600:
-25.16%
GNE:
-49.93%
Returns By Period
In the year-to-date period, ^SP600 achieves a -17.91% return, which is significantly lower than GNE's -3.47% return. Over the past 10 years, ^SP600 has underperformed GNE with an annualized return of 4.88%, while GNE has yielded a comparatively higher 8.41% annualized return.
^SP600
-17.91%
-12.72%
-17.87%
-11.30%
13.22%
4.88%
GNE
-3.47%
0.67%
-6.10%
-1.01%
19.93%
8.41%
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Risk-Adjusted Performance
^SP600 vs. GNE — Risk-Adjusted Performance Rank
^SP600
GNE
^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.
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. For additional features, visit the drawdowns tool.
Volatility
^SP600 vs. GNE - Volatility Comparison
The current volatility for S&P 600 (^SP600) is 10.29%, while Genie Energy Ltd. (GNE) has a volatility of 11.43%. 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.