ARX.TO vs. ^GSPC
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 7.30%/yr vs 13.88%/yr for ^GSPC. At a 0.27 correlation, their price movements are largely independent.
Performance
ARX.TO vs. ^GSPC - Performance Comparison
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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 25.78% return, which is significantly higher than ^GSPC's 11.31% return. Over the past 10 years, ARX.TO has underperformed ^GSPC with an annualized return of 7.30%, while ^GSPC has yielded a comparatively higher 13.88% annualized return.
ARX.TO
- 1D
- -1.05%
- 1M
- 7.77%
- 6M
- 33.83%
- YTD
- 25.78%
- 1Y
- 20.92%
- 3Y*
- 22.20%
- 5Y*
- 31.03%
- 10Y*
- 7.30%
- ALL TIME*
- 5.91%
^GSPC
- 1D
- -0.32%
- 1M
- -1.33%
- 6M
- 8.26%
- YTD
- 11.31%
- 1Y
- 20.64%
- 3Y*
- 20.42%
- 5Y*
- 13.56%
- 10Y*
- 13.88%
- ALL TIME*
- 9.17%
ARX.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARX.TO ARC Resources Ltd. | 25.78% | 1.65% | 36.47% | 11.75% | 63.35% | 97.08% | -22.60% | 9.60% | -42.37% | -33.93% |
^GSPC S&P 500 Index | 11.31% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 11.33% |
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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2006 | 0.27 |
The correlation between ARX.TO and ^GSPC shifts across timeframes, from -0.20 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARX.TO vs. ^GSPC — Risk / Return Rank
ARX.TO
^GSPC
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.
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.
| ARX.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.26 | -1.01 |
| Martin ratioReturn relative to average drawdown | 2.74 | 8.33 | -5.59 |
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Drawdowns
ARX.TO vs. ^GSPC - Drawdown Comparison
The maximum ARX.TO drawdown since its inception was -89.08%, which is greater than ^GSPC's maximum drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for ARX.TO and ^GSPC.
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Drawdown Indicators
| ARX.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -48.87% | -40.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.81% | -9.17% | -7.64% |
Max Drawdown (3Y)Largest decline over 3 years | -25.41% | -19.59% | -5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -23.14% | -12.28% |
Max Drawdown (10Y)Largest decline over 10 years | -86.80% | -27.97% | -58.83% |
Current DrawdownCurrent decline from peak | -1.05% | -2.74% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -29.37% | -9.62% | -19.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 2.48% | +5.19% |
Volatility
ARX.TO vs. ^GSPC - Volatility Comparison
ARC Resources Ltd. (ARX.TO) has a higher volatility of 5.59% compared to S&P 500 Index (^GSPC) at 3.47%. 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.
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Volatility by Period
| ARX.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 3.47% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 28.92% | 10.42% | +18.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.58% | 12.97% | +22.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.36% | 17.91% | +18.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.45% | 19.12% | +21.33% |
Frequently Asked Questions
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.
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