BNB-USD vs. ^GSPC
Compare and contrast key facts about Binance Coin (BNB-USD) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNB-USD or ^GSPC.
Key characteristics
| BNB-USD | ^GSPC | |
|---|---|---|
| YTD Return | 81.38% | 10.00% |
| 1Y Return | 80.75% | 26.85% |
| 3Y Return (Ann) | 0.22% | 7.95% |
| 5Y Return (Ann) | 84.75% | 12.81% |
| Sharpe Ratio | 5.42 | 2.35 |
| Daily Std Dev | 44.15% | 11.56% |
| Max Drawdown | -80.10% | -56.78% |
| Current Drawdown | -16.13% | -0.15% |
Correlation
The correlation between BNB-USD and ^GSPC is 0.18, 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
BNB-USD vs. ^GSPC - Performance Comparison
In the year-to-date period, BNB-USD achieves a 81.38% return, which is significantly higher than ^GSPC's 10.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BNB-USD vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Binance Coin (BNB-USD) 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
BNB-USD vs. ^GSPC - Drawdown Comparison
The maximum BNB-USD drawdown since its inception was -80.10%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BNB-USD and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BNB-USD vs. ^GSPC - Volatility Comparison
Binance Coin (BNB-USD) has a higher volatility of 11.83% compared to S&P 500 (^GSPC) at 3.61%. This indicates that BNB-USD'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.