BROS vs. ^GSPC
BROS (Dutch Bros Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, BROS returned 26.50%/yr vs 20.83%/yr for ^GSPC. At a 0.45 correlation, their price movements are largely independent.
Performance
BROS vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, BROS achieves a -7.55% return, which is significantly lower than ^GSPC's 10.35% return.
BROS
- 1D
- -2.18%
- 1M
- -0.42%
- YTD
- -7.55%
- 6M
- -7.53%
- 1Y
- -20.06%
- 3Y*
- 26.50%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
BROS vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BROS Dutch Bros Inc. | -7.55% | 16.88% | 65.39% | 12.34% | -44.63% | 38.79% |
^GSPC S&P 500 Index | 10.35% | 16.39% | 23.31% | 24.23% | -19.44% | 6.37% |
Correlation
The correlation between BROS and ^GSPC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.45 |
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Return for Risk
BROS vs. ^GSPC — Risk / Return Rank
BROS
^GSPC
BROS vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dutch Bros Inc. (BROS) 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.
| BROS | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.34 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.41 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 2.93 | -3.47 |
| Martin ratioReturn relative to average drawdown | -0.88 | 13.52 | -14.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BROS | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 2.24 | -2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.47 | -0.32 |
Drawdowns
BROS vs. ^GSPC - Drawdown Comparison
The maximum BROS drawdown since its inception was -70.09%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BROS and ^GSPC.
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Drawdown Indicators
| BROS | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.09% | -56.78% | -13.31% |
Max Drawdown (1Y)Largest decline over 1 year | -37.11% | -9.10% | -28.01% |
Max Drawdown (3Y)Largest decline over 3 years | -45.31% | -18.90% | -26.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -33.70% | -0.74% | -32.96% |
Average DrawdownAverage peak-to-trough decline | -43.91% | -10.72% | -33.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.87% | 1.97% | +20.90% |
Volatility
BROS vs. ^GSPC - Volatility Comparison
Dutch Bros Inc. (BROS) has a higher volatility of 16.03% compared to S&P 500 Index (^GSPC) at 2.93%. This indicates that BROS'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
| BROS | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.03% | 2.93% | +13.10% |
Volatility (6M)Calculated over the trailing 6-month period | 35.03% | 8.99% | +26.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.20% | 11.89% | +40.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.62% | 16.90% | +48.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.62% | 18.06% | +47.56% |
Frequently Asked Questions
BROS and ^GSPC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BROS has higher volatility (16.03%) compared to ^GSPC (2.93%). In terms of maximum drawdown, BROS dropped -70.09% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.24 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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