ADEA vs. ^GSPC
Compare and contrast key facts about Adeia Inc (ADEA) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADEA or ^GSPC.
Key characteristics
| ADEA | ^GSPC | |
|---|---|---|
| YTD Return | 4.23% | 22.29% |
| 1Y Return | 55.08% | 39.98% |
| 3Y Return (Ann) | 20.62% | 8.23% |
| 5Y Return (Ann) | 11.60% | 13.99% |
| 10Y Return (Ann) | 5.01% | 11.23% |
| Sharpe Ratio | 1.55 | 3.43 |
| Sortino Ratio | 2.19 | 4.52 |
| Omega Ratio | 1.28 | 1.64 |
| Calmar Ratio | 1.50 | 3.17 |
| Martin Ratio | 4.86 | 22.22 |
| Ulcer Index | 11.73% | 1.88% |
| Daily Std Dev | 36.72% | 12.14% |
| Max Drawdown | -80.98% | -56.78% |
| Current Drawdown | -4.00% | -0.54% |
Correlation
The correlation between ADEA and ^GSPC is 0.50, 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
ADEA vs. ^GSPC - Performance Comparison
In the year-to-date period, ADEA achieves a 4.23% return, which is significantly lower than ^GSPC's 22.29% return. Over the past 10 years, ADEA has underperformed ^GSPC with an annualized return of 5.01%, while ^GSPC has yielded a comparatively higher 11.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ADEA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Adeia Inc (ADEA) 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
ADEA vs. ^GSPC - Drawdown Comparison
The maximum ADEA drawdown since its inception was -80.98%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ADEA and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ADEA vs. ^GSPC - Volatility Comparison
Adeia Inc (ADEA) has a higher volatility of 7.86% compared to S&P 500 (^GSPC) at 2.71%. 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.