ADEA vs. ^GSPC
ADEA (Adeia Inc) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ADEA returned 16.82%/yr vs 13.65%/yr for ^GSPC. At a 0.50 correlation, their price movements are largely independent.
Performance
ADEA vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, ADEA achieves a 88.36% return, which is significantly higher than ^GSPC's 10.79% return. Over the past 10 years, ADEA has outperformed ^GSPC with an annualized return of 16.82%, while ^GSPC has yielded a comparatively lower 13.65% annualized return.
ADEA
- 1D
- 0.97%
- 1M
- 16.52%
- YTD
- 88.36%
- 6M
- 161.19%
- 1Y
- 149.86%
- 3Y*
- 49.94%
- 5Y*
- 42.98%
- 10Y*
- 16.82%
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
ADEA vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADEA Adeia Inc | 88.36% | 25.22% | 14.75% | 33.53% | 92.17% | -8.65% | 16.55% | 4.53% | -21.13% | -43.16% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between ADEA and ^GSPC is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2003 | 0.50 |
The correlation between ADEA and ^GSPC has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.
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Return for Risk
ADEA vs. ^GSPC — Risk / Return Rank
ADEA
^GSPC
ADEA vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adeia Inc (ADEA) and S&P 500 Index (^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.
| ADEA | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 2.98 | +1.35 |
| Martin ratioReturn relative to average drawdown | 12.35 | 13.78 | -1.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ADEA | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.28 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.74 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.76 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.47 | -0.27 |
Drawdowns
ADEA vs. ^GSPC - Drawdown Comparison
The maximum ADEA drawdown since its inception was -80.75%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ADEA and ^GSPC.
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Drawdown Indicators
| ADEA | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.75% | -56.78% | -23.97% |
Max Drawdown (1Y)Largest decline over 1 year | -34.81% | -9.10% | -25.71% |
Max Drawdown (3Y)Largest decline over 3 years | -34.81% | -18.90% | -15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -39.27% | -25.43% | -13.84% |
Max Drawdown (10Y)Largest decline over 10 years | -73.66% | -33.92% | -39.74% |
Current DrawdownCurrent decline from peak | -3.60% | -0.33% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -37.86% | -10.72% | -27.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.19% | 1.97% | +10.22% |
Volatility
ADEA vs. ^GSPC - Volatility Comparison
Adeia Inc (ADEA) has a higher volatility of 21.68% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that ADEA'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.
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Volatility by Period
| ADEA | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.68% | 2.88% | +18.80% |
Volatility (6M)Calculated over the trailing 6-month period | 47.80% | 9.00% | +38.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.31% | 11.89% | +48.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.07% | 16.90% | +45.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.26% | 18.06% | +38.20% |
Frequently Asked Questions
ADEA and ^GSPC have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADEA has higher volatility (21.68%) compared to ^GSPC (2.88%). In terms of maximum drawdown, ADEA dropped -80.75% vs ^GSPC's -56.78%.
ADEA currently has the higher Sharpe Ratio (2.50 vs 2.28), 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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