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
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Key characteristics
BYND:
-0.93
^GSPC:
0.64
BYND:
-1.88
^GSPC:
1.09
BYND:
0.80
^GSPC:
1.16
BYND:
-0.66
^GSPC:
0.72
BYND:
-1.60
^GSPC:
2.74
BYND:
40.81%
^GSPC:
4.95%
BYND:
66.55%
^GSPC:
19.62%
BYND:
-99.03%
^GSPC:
-56.78%
BYND:
-98.82%
^GSPC:
-3.02%
Returns By Period
In the year-to-date period, BYND achieves a -26.33% return, which is significantly lower than ^GSPC's 1.30% return.
BYND
-26.33%
0.36%
-46.11%
-61.47%
-53.80%
N/A
^GSPC
1.30%
12.79%
1.49%
12.35%
15.12%
10.89%
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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.
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Drawdowns
BYND vs. ^GSPC - Drawdown Comparison
The maximum BYND drawdown since its inception was -99.03%, 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.
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Volatility
BYND vs. ^GSPC - Volatility Comparison
Beyond Meat, Inc. (BYND) has a higher volatility of 19.83% compared to S&P 500 (^GSPC) at 5.42%. 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.
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