BYND vs. ^GSPC
Compare and contrast key facts about Beyond Meat, Inc. (BYND) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BYND or ^GSPC.
Correlation
The correlation between BYND and ^GSPC is 0.34, 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
BYND vs. ^GSPC - Performance Comparison
Key characteristics
BYND:
-0.92
^GSPC:
-0.17
BYND:
-1.65
^GSPC:
-0.11
BYND:
0.82
^GSPC:
0.98
BYND:
-0.63
^GSPC:
-0.15
BYND:
-1.68
^GSPC:
-0.79
BYND:
36.93%
^GSPC:
3.36%
BYND:
67.19%
^GSPC:
15.95%
BYND:
-98.78%
^GSPC:
-56.78%
BYND:
-98.78%
^GSPC:
-17.42%
Returns By Period
In the year-to-date period, BYND achieves a -23.67% return, which is significantly lower than ^GSPC's -13.73% return.
BYND
-23.67%
-10.59%
-55.23%
-61.68%
-45.62%
N/A
^GSPC
-13.73%
-13.15%
-11.77%
-1.42%
15.35%
9.37%
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Risk-Adjusted Performance
BYND vs. ^GSPC — Risk-Adjusted Performance Rank
BYND
^GSPC
BYND vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Beyond Meat, Inc. (BYND) 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
BYND vs. ^GSPC - Drawdown Comparison
The maximum BYND drawdown since its inception was -98.78%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BYND and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BYND vs. ^GSPC - Volatility Comparison
Beyond Meat, Inc. (BYND) has a higher volatility of 17.34% compared to S&P 500 (^GSPC) at 9.30%. This indicates that BYND'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.