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:
-0.82
^GSPC:
2.10
BYND:
-1.44
^GSPC:
2.80
BYND:
0.84
^GSPC:
1.39
BYND:
-0.62
^GSPC:
3.09
BYND:
-1.63
^GSPC:
13.49
BYND:
37.61%
^GSPC:
1.94%
BYND:
74.66%
^GSPC:
12.52%
BYND:
-98.55%
^GSPC:
-56.78%
BYND:
-98.49%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, BYND achieves a -60.11% return, which is significantly lower than ^GSPC's 24.34% return.
BYND
-60.11%
-31.07%
-45.47%
-62.15%
-45.99%
N/A
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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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 -98.55%, 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 15.30% compared to S&P 500 (^GSPC) at 3.79%. 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.