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.
Performance
BYND vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, BYND achieves a -42.25% return, which is significantly lower than ^GSPC's 23.62% return.
BYND
-42.25%
-19.56%
-28.51%
-23.05%
-41.96%
N/A
^GSPC
23.62%
0.54%
11.19%
30.63%
13.61%
11.16%
Key characteristics
| BYND | ^GSPC | |
|---|---|---|
| Sharpe Ratio | -0.38 | 2.51 |
| Sortino Ratio | -0.12 | 3.37 |
| Omega Ratio | 0.99 | 1.47 |
| Calmar Ratio | -0.30 | 3.63 |
| Martin Ratio | -0.85 | 16.15 |
| Ulcer Index | 34.16% | 1.91% |
| Daily Std Dev | 77.31% | 12.27% |
| Max Drawdown | -97.85% | -56.78% |
| Current Drawdown | -97.81% | -1.75% |
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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.
Risk-Adjusted Performance
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 -97.85%, 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 19.43% compared to S&P 500 (^GSPC) at 4.07%. 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.