ABCA.PA vs. ^GSPC
Compare and contrast key facts about ABC arbitrage SA (ABCA.PA) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABCA.PA or ^GSPC.
Correlation
The correlation between ABCA.PA and ^GSPC is 0.13, 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
ABCA.PA vs. ^GSPC - Performance Comparison
Key characteristics
ABCA.PA:
3.11
^GSPC:
0.48
ABCA.PA:
3.73
^GSPC:
0.80
ABCA.PA:
1.48
^GSPC:
1.12
ABCA.PA:
1.32
^GSPC:
0.49
ABCA.PA:
12.86
^GSPC:
1.90
ABCA.PA:
4.31%
^GSPC:
4.90%
ABCA.PA:
19.63%
^GSPC:
19.37%
ABCA.PA:
-88.59%
^GSPC:
-56.78%
ABCA.PA:
-2.58%
^GSPC:
-7.82%
Returns By Period
In the year-to-date period, ABCA.PA achieves a 29.30% return, which is significantly higher than ^GSPC's -3.70% return. Over the past 10 years, ABCA.PA has underperformed ^GSPC with an annualized return of 8.85%, while ^GSPC has yielded a comparatively higher 10.43% annualized return.
ABCA.PA
29.30%
9.62%
28.25%
62.05%
3.82%
8.85%
^GSPC
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
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Risk-Adjusted Performance
ABCA.PA vs. ^GSPC — Risk-Adjusted Performance Rank
ABCA.PA
^GSPC
ABCA.PA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ABC arbitrage SA (ABCA.PA) 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
ABCA.PA vs. ^GSPC - Drawdown Comparison
The maximum ABCA.PA drawdown since its inception was -88.59%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ABCA.PA and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ABCA.PA vs. ^GSPC - Volatility Comparison
The current volatility for ABC arbitrage SA (ABCA.PA) is 5.32%, while S&P 500 (^GSPC) has a volatility of 11.21%. This indicates that ABCA.PA experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.