AR vs. ^GSPC
AR (Antero Resources Corporation) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, AR returned 2.35%/yr vs 13.71%/yr for ^GSPC. At a 0.29 correlation, their price movements are largely independent.
Performance
AR vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, AR achieves a 0.20% return, which is significantly lower than ^GSPC's 7.60% return. Over the past 10 years, AR has underperformed ^GSPC with an annualized return of 2.35%, while ^GSPC has yielded a comparatively higher 13.71% annualized return.
AR
- 1D
- 1.47%
- 1M
- -6.04%
- YTD
- 0.20%
- 6M
- -0.60%
- 1Y
- -18.41%
- 3Y*
- 17.55%
- 5Y*
- 18.66%
- 10Y*
- 2.35%
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
AR vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AR Antero Resources Corporation | 0.20% | -1.68% | 54.54% | -26.82% | 77.09% | 221.10% | 91.23% | -69.65% | -50.58% | -19.66% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between AR and ^GSPC is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013 | 0.29 |
The correlation between AR and ^GSPC shifts across timeframes, from -0.04 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AR vs. ^GSPC — Risk / Return Rank
AR
^GSPC
AR vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Antero Resources Corporation (AR) 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.
| AR | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.32 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.46 | -3.08 |
| Martin ratioReturn relative to average drawdown | -0.96 | 10.92 | -11.88 |
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Drawdowns
AR vs. ^GSPC - Drawdown Comparison
The maximum AR drawdown since its inception was -99.01%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for AR and ^GSPC.
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Drawdown Indicators
| AR | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -56.78% | -42.23% |
Max Drawdown (1Y)Largest decline over 1 year | -29.47% | -9.10% | -20.37% |
Max Drawdown (3Y)Largest decline over 3 years | -33.19% | -18.90% | -14.29% |
Max Drawdown (5Y)Largest decline over 5 years | -58.39% | -25.43% | -32.96% |
Max Drawdown (10Y)Largest decline over 10 years | -97.61% | -33.92% | -63.69% |
Current DrawdownCurrent decline from peak | -48.78% | -3.21% | -45.57% |
Average DrawdownAverage peak-to-trough decline | -61.30% | -10.71% | -50.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.24% | 2.04% | +17.20% |
Volatility
AR vs. ^GSPC - Volatility Comparison
Antero Resources Corporation (AR) has a higher volatility of 9.96% compared to S&P 500 Index (^GSPC) at 4.89%. This indicates that AR'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
| AR | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 4.89% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 26.80% | 9.93% | +16.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.82% | 12.57% | +26.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.17% | 17.00% | +31.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.72% | 18.08% | +42.64% |
Frequently Asked Questions
AR and ^GSPC have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AR has higher volatility (9.96%) compared to ^GSPC (4.89%). In terms of maximum drawdown, AR dropped -99.01% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.78 vs -0.48), 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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