ARRY vs. ^GSPC
Compare and contrast key facts about Array Technologies, Inc. (ARRY) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARRY or ^GSPC.
Correlation
The correlation between ARRY and ^GSPC is 0.37, 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
ARRY vs. ^GSPC - Performance Comparison
Key characteristics
ARRY:
-0.66
^GSPC:
0.48
ARRY:
-0.91
^GSPC:
0.80
ARRY:
0.90
^GSPC:
1.12
ARRY:
-0.65
^GSPC:
0.49
ARRY:
-1.20
^GSPC:
1.90
ARRY:
49.97%
^GSPC:
4.90%
ARRY:
85.43%
^GSPC:
19.37%
ARRY:
-92.20%
^GSPC:
-56.78%
ARRY:
-89.23%
^GSPC:
-7.82%
Returns By Period
In the year-to-date period, ARRY achieves a -8.94% return, which is significantly lower than ^GSPC's -3.70% return.
ARRY
-8.94%
38.19%
-11.29%
-56.04%
N/A
N/A
^GSPC
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
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Risk-Adjusted Performance
ARRY vs. ^GSPC — Risk-Adjusted Performance Rank
ARRY
^GSPC
ARRY vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Array Technologies, Inc. (ARRY) 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
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. For additional features, visit the drawdowns tool.
Volatility
ARRY vs. ^GSPC - Volatility Comparison
Array Technologies, Inc. (ARRY) has a higher volatility of 26.90% compared to S&P 500 (^GSPC) at 11.21%. 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.