ARX.TO vs. ^GSPC

Last updated Jun 4, 2026

ARX.TO (ARC Resources Ltd.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ARX.TO returned 7.99%/yr vs 14.52%/yr for ^GSPC. At a 0.18 correlation, their price movements are largely independent.

Performance

ARX.TO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in ARC Resources Ltd. (ARX.TO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ARX.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ARX.TO achieves a 25.00% return, which is significantly higher than ^GSPC's 12.12% return. Over the past 10 years, ARX.TO has underperformed ^GSPC with an annualized return of 7.99%, while ^GSPC has yielded a comparatively higher 14.52% annualized return.

ARX.TO

• 1D: -0.12%
• 1M: 0.50%
• YTD: 25.00%
• 6M: 23.76%
• 1Y: 11.02%
• 3Y*: 27.63%
• 5Y*: 31.54%
• 10Y*: 7.99%

^GSPC

• 1D: 0.00%
• 1M: 7.35%
• YTD: 12.12%
• 6M: 10.22%
• 1Y: 28.58%
• 3Y*: 22.37%
• 5Y*: 15.58%
• 10Y*: 14.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARX.TO vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARX.TO ARC Resources Ltd.	25.00%	1.65%	36.47%	11.75%	63.30%	97.09%	-22.60%	9.60%	-42.37%	-33.93%
^GSPC S&P 500 Index	11.75%	11.05%	33.90%	21.49%	-13.70%	25.75%	14.29%	22.54%	1.71%	11.82%

Correlation

The correlation between ARX.TO and ^GSPC is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.18

The correlation between ARX.TO and ^GSPC shifts across timeframes, from -0.20 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ARX.TO vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARX.TO

ARX.TO Risk / Return Rank: 49
ARX.TO Sharpe Ratio Rank: 51
ARX.TO Sortino Ratio Rank: 47
ARX.TO Omega Ratio Rank: 47
ARX.TO Calmar Ratio Rank: 50
ARX.TO Martin Ratio Rank: 48

^GSPC

^GSPC Risk / Return Rank: 73
^GSPC Sharpe Ratio Rank: 71
^GSPC Sortino Ratio Rank: 71
^GSPC Omega Ratio Rank: 72
^GSPC Calmar Ratio Rank: 67
^GSPC Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARX.TO vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARC Resources Ltd. (ARX.TO) 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.

	ARX.TO	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.31	2.46	-2.15
Sortino ratio Return per unit of downside risk	0.73	3.32	-2.59
Omega ratio Gain probability vs. loss probability	1.10	1.47	-0.37
Calmar ratio Return relative to maximum drawdown	0.44	3.24	-2.81
Martin ratio Return relative to average drawdown	0.74	12.23	-11.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARX.TO vs. ^GSPC - Sharpe Ratio Comparison

The current ARX.TO Sharpe Ratio is 0.31, which is lower than the ^GSPC Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of ARX.TO and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARX.TO	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	2.46	-2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	1.05	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.89	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	-0.49	0.99	-1.47

Drawdowns

ARX.TO vs. ^GSPC - Drawdown Comparison

The maximum ARX.TO drawdown since its inception was -100.00%, which is greater than ^GSPC's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for ARX.TO and ^GSPC.

Drawdown Indicators

	ARX.TO	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-27.59%	-72.41%
Max Drawdown (1Y) Largest decline over 1 year	-25.41%	-8.86%	-16.55%
Max Drawdown (3Y) Largest decline over 3 years	-25.41%	-19.23%	-6.18%
Max Drawdown (5Y) Largest decline over 5 years	-35.42%	-22.60%	-12.82%
Max Drawdown (10Y) Largest decline over 10 years	-86.80%	-27.59%	-59.21%
Current Drawdown Current decline from peak	-99.82%	0.00%	-99.82%
Average Drawdown Average peak-to-trough decline	-99.67%	-3.51%	-96.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.90%	2.34%	+12.56%

Volatility

ARX.TO vs. ^GSPC - Volatility Comparison

ARC Resources Ltd. (ARX.TO) has a higher volatility of 6.14% compared to S&P 500 Index (^GSPC) at 2.69%. This indicates that ARX.TO'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.

Volatility by Period

	ARX.TO	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	2.69%	+3.45%
Volatility (6M) Calculated over the trailing 6-month period	30.06%	8.85%	+21.21%
Volatility (1Y) Calculated over the trailing 1-year period	35.93%	11.70%	+24.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.81%	14.99%	+21.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.61%	16.33%	+24.28%

Frequently Asked Questions

Can I hold both ARX.TO and ^GSPC in my portfolio?

ARX.TO and ^GSPC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.