AMZN.NEO vs. ^GSPC

Last updated Jun 16, 2026

AMZN.NEO (Amazon.com CDR) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, AMZN.NEO returned 22.80%/yr vs 21.85%/yr for ^GSPC. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

AMZN.NEO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Amazon.com CDR (AMZN.NEO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AMZN.NEO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AMZN.NEO achieves a 5.45% return, which is significantly lower than ^GSPC's 12.52% return.

AMZN.NEO

• 1D: 3.14%
• 1M: -7.04%
• YTD: 5.45%
• 6M: 8.99%
• 1Y: 13.14%
• 3Y*: 22.80%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 1.59%
• 1M: 3.75%
• YTD: 12.52%
• 6M: 12.40%
• 1Y: 29.80%
• 3Y*: 21.85%
• 5Y*: 15.43%
• 10Y*: 14.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZN.NEO vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AMZN.NEO Amazon.com CDR	5.45%	2.68%	41.82%	78.72%	-50.79%	-10.18%
^GSPC S&P 500 Index	12.52%	11.07%	33.75%	21.28%	-14.34%	9.29%

Correlation

The correlation between AMZN.NEO and ^GSPC is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jul 27, 2021	0.63

The correlation between AMZN.NEO and ^GSPC has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

Return for Risk

AMZN.NEO vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZN.NEO

AMZN.NEO Risk / Return Rank: 54
AMZN.NEO Sharpe Ratio Rank: 57
AMZN.NEO Sortino Ratio Rank: 50
AMZN.NEO Omega Ratio Rank: 50
AMZN.NEO Calmar Ratio Rank: 56
AMZN.NEO Martin Ratio Rank: 57

^GSPC

^GSPC Risk / Return Rank: 83
^GSPC Sharpe Ratio Rank: 81
^GSPC Sortino Ratio Rank: 84
^GSPC Omega Ratio Rank: 86
^GSPC Calmar Ratio Rank: 76
^GSPC Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZN.NEO vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amazon.com CDR (AMZN.NEO) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMZN.NEO	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	0.44	2.35	-1.91
Sortino ratio: Return per unit of downside risk	0.83	3.22	-2.39
Omega ratio: Gain probability vs. loss probability	1.10	1.41	-0.31
Calmar ratio: Return relative to maximum drawdown	0.60	3.26	-2.66
Martin ratio: Return relative to average drawdown	1.38	12.12	-10.75

AMZN.NEO vs. ^GSPC - Sharpe Ratio Comparison

The current AMZN.NEO Sharpe Ratio is 0.44, which is lower than the ^GSPC Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of AMZN.NEO and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMZN.NEO vs. ^GSPC - Drawdown Comparison

The maximum AMZN.NEO drawdown since its inception was -56.92%, which is greater than ^GSPC's maximum drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for AMZN.NEO and ^GSPC.

Drawdown Indicators

	AMZN.NEO	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-56.92%	-48.87%	-8.05%
Max Drawdown (1Y) Largest decline over 1 year	-22.03%	-9.17%	-12.86%
Max Drawdown (3Y) Largest decline over 3 years	-31.29%	-19.59%	-11.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.97%	—
Current Drawdown Current decline from peak	-11.08%	0.00%	-11.08%
Average Drawdown Average peak-to-trough decline	-19.74%	-9.66%	-10.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.56%	2.46%	+7.10%

Volatility

AMZN.NEO vs. ^GSPC - Volatility Comparison

Amazon.com CDR (AMZN.NEO) has a higher volatility of 8.58% compared to S&P 500 Index (^GSPC) at 4.77%. This indicates that AMZN.NEO'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.

Volatility by Period

	AMZN.NEO	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.58%	4.77%	+3.81%
Volatility (6M) Calculated over the trailing 6-month period	20.60%	10.19%	+10.41%
Volatility (1Y) Calculated over the trailing 1-year period	29.83%	12.77%	+17.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.55%	17.95%	+17.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.55%	19.17%	+16.38%

Frequently Asked Questions

Can I hold both AMZN.NEO and ^GSPC in my portfolio?

AMZN.NEO and ^GSPC have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.