ARRY vs. ^GSPC
ARRY (Array Technologies, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, ARRY returned -15.24%/yr vs 11.80%/yr for ^GSPC. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
ARRY vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, ARRY achieves a -34.82% return, which is significantly lower than ^GSPC's 13.02% return.
ARRY
- 1D
- 5.90%
- 1M
- -13.77%
- 6M
- -46.95%
- YTD
- -34.82%
- 1Y
- 0.17%
- 3Y*
- -30.72%
- 5Y*
- -15.24%
- 10Y*
- —
- ALL TIME*
- -23.98%
^GSPC
- 1D
- 1.79%
- 1M
- 3.38%
- 6M
- 11.83%
- YTD
- 13.02%
- 1Y
- 22.22%
- 3Y*
- 19.99%
- 5Y*
- 11.80%
- 10Y*
- 13.49%
- ALL TIME*
- 8.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $38.53T | $37.79T | $41.47T |
| $37.92M | $39.75M | $45.28M |
ARRY vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ARRY Array Technologies, Inc. | -34.82% | 52.65% | -64.05% | -13.09% | 23.20% | -63.63% | 46.24% |
^GSPC S&P 500 Index | 13.02% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 7.66% |
Correlation
The correlation between ARRY and ^GSPC is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.38 |
The correlation between ARRY and ^GSPC shifts across timeframes, from 0.33 (3 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ARRY vs. ^GSPC — Risk / Return Rank
ARRY
^GSPC
ARRY vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Array Technologies, Inc. (ARRY) 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.
| ARRY | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.31 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 2.45 | -2.45 |
| Martin ratioReturn relative to average drawdown | 0.01 | 10.40 | -10.39 |
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Drawdowns
ARRY vs. ^GSPC - Drawdown Comparison
The maximum ARRY drawdown since its inception was -92.20%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ARRY and ^GSPC.
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Drawdown Indicators
| ARRY | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.20% | -56.78% | -35.42% |
Max Drawdown (1Y)Largest decline over 1 year | -59.78% | -9.10% | -50.68% |
Max Drawdown (3Y)Largest decline over 3 years | -84.88% | -18.90% | -65.98% |
Max Drawdown (5Y)Largest decline over 5 years | -85.31% | -25.43% | -59.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -88.23% | 0.00% | -88.23% |
Average DrawdownAverage peak-to-trough decline | -69.34% | -10.70% | -58.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.00% | 2.14% | +25.86% |
Volatility
ARRY vs. ^GSPC - Volatility Comparison
Array Technologies, Inc. (ARRY) has a higher volatility of 20.33% compared to S&P 500 Index (^GSPC) at 4.12%. This indicates that ARRY'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
| ARRY | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.33% | 4.12% | +16.21% |
Volatility (6M)Calculated over the trailing 6-month period | 63.10% | 10.33% | +52.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.09% | 12.95% | +70.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.06% | 17.04% | +65.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.44% | 18.09% | +64.35% |
Frequently Asked Questions
ARRY and ^GSPC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARRY has higher volatility (20.33%) compared to ^GSPC (4.12%). In terms of maximum drawdown, ARRY dropped -92.20% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.73 vs 0.00), 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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