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:
-0.56
^GSPC:
1.74
BYND:
-0.61
^GSPC:
2.36
BYND:
0.93
^GSPC:
1.32
BYND:
-0.43
^GSPC:
2.62
BYND:
-0.96
^GSPC:
10.69
BYND:
44.16%
^GSPC:
2.08%
BYND:
75.18%
^GSPC:
12.76%
BYND:
-98.55%
^GSPC:
-56.78%
BYND:
-98.26%
^GSPC:
-0.43%
Returns By Period
In the year-to-date period, BYND achieves a 8.51% return, which is significantly higher than ^GSPC's 4.01% return.
BYND
8.51%
2.00%
-35.55%
-44.34%
-49.04%
N/A
^GSPC
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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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 -98.55%, 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 16.04% compared to S&P 500 (^GSPC) at 3.01%. 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.