ABBNY vs. ^GSPC
Compare and contrast key facts about ABB Ltd (ABBNY) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABBNY or ^GSPC.
Correlation
The correlation between ABBNY and ^GSPC is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ABBNY vs. ^GSPC - Performance Comparison
Key characteristics
ABBNY:
1.20
^GSPC:
1.86
ABBNY:
1.64
^GSPC:
2.50
ABBNY:
1.22
^GSPC:
1.34
ABBNY:
2.16
^GSPC:
2.77
ABBNY:
6.22
^GSPC:
11.99
ABBNY:
4.04%
^GSPC:
1.96%
ABBNY:
21.04%
^GSPC:
12.66%
ABBNY:
-93.98%
^GSPC:
-56.78%
ABBNY:
-8.73%
^GSPC:
-3.01%
Returns By Period
The year-to-date returns for both stocks are quite close, with ABBNY having a 25.06% return and ^GSPC slightly lower at 23.84%. Over the past 10 years, ABBNY has outperformed ^GSPC with an annualized return of 14.41%, while ^GSPC has yielded a comparatively lower 11.15% annualized return.
ABBNY
25.06%
-4.97%
-2.66%
25.06%
22.54%
14.41%
^GSPC
23.84%
-2.08%
7.89%
23.84%
12.86%
11.15%
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Risk-Adjusted Performance
ABBNY vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ABB Ltd (ABBNY) and S&P 500 (^GSPC). 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
ABBNY vs. ^GSPC - Drawdown Comparison
The maximum ABBNY drawdown since its inception was -93.98%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ABBNY and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ABBNY vs. ^GSPC - Volatility Comparison
ABB Ltd (ABBNY) has a higher volatility of 7.16% compared to S&P 500 (^GSPC) at 4.19%. This indicates that ABBNY's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.