ARQQ vs. ^GSPC
Compare and contrast key facts about Arqit Quantum Inc. (ARQQ) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARQQ or ^GSPC.
Correlation
The correlation between ARQQ and ^GSPC is 0.24, 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
ARQQ vs. ^GSPC - Performance Comparison
Key characteristics
ARQQ:
-0.11
^GSPC:
0.58
ARQQ:
1.20
^GSPC:
0.86
ARQQ:
1.14
^GSPC:
1.11
ARQQ:
-0.18
^GSPC:
0.80
ARQQ:
-0.38
^GSPC:
2.64
ARQQ:
47.45%
^GSPC:
3.08%
ARQQ:
168.75%
^GSPC:
13.97%
ARQQ:
-99.60%
^GSPC:
-56.78%
ARQQ:
-98.54%
^GSPC:
-7.70%
Returns By Period
In the year-to-date period, ARQQ achieves a -64.32% return, which is significantly lower than ^GSPC's -3.58% return.
ARQQ
-64.32%
12.68%
205.96%
-10.58%
N/A
N/A
^GSPC
-3.58%
-3.06%
-0.68%
8.94%
17.98%
10.64%
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Risk-Adjusted Performance
ARQQ vs. ^GSPC — Risk-Adjusted Performance Rank
ARQQ
^GSPC
ARQQ vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arqit Quantum Inc. (ARQQ) 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
ARQQ vs. ^GSPC - Drawdown Comparison
The maximum ARQQ drawdown since its inception was -99.60%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ARQQ and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ARQQ vs. ^GSPC - Volatility Comparison
Arqit Quantum Inc. (ARQQ) has a higher volatility of 59.09% compared to S&P 500 (^GSPC) at 5.74%. This indicates that ARQQ'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.