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 0.38, 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:
-0.69
^GSPC:
1.62
ARRY:
-0.85
^GSPC:
2.20
ARRY:
0.91
^GSPC:
1.30
ARRY:
-0.60
^GSPC:
2.46
ARRY:
-1.23
^GSPC:
10.01
ARRY:
43.64%
^GSPC:
2.08%
ARRY:
77.93%
^GSPC:
12.88%
ARRY:
-89.89%
^GSPC:
-56.78%
ARRY:
-87.09%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, ARRY achieves a 9.11% return, which is significantly higher than ^GSPC's 2.24% return.
ARRY
9.11%
-5.45%
-4.77%
-50.82%
N/A
N/A
^GSPC
2.24%
-1.73%
6.72%
18.16%
13.31%
11.05%
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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 -89.89%, 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 22.20% compared to S&P 500 (^GSPC) at 3.43%. 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.