CAE.TO vs. ^GSPC
CAE.TO (CAE Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CAE.TO returned 8.39%/yr vs 14.52%/yr for ^GSPC. At a 0.36 correlation, their price movements are largely independent.
Performance
CAE.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
CAE.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CAE.TO achieves a -16.99% return, which is significantly lower than ^GSPC's 12.12% return. Over the past 10 years, CAE.TO has underperformed ^GSPC with an annualized return of 8.39%, while ^GSPC has yielded a comparatively higher 14.52% annualized return.
CAE.TO
- 1D
- -1.25%
- 1M
- -1.59%
- YTD
- -16.99%
- 6M
- -8.55%
- 1Y
- -3.16%
- 3Y*
- 6.36%
- 5Y*
- -1.58%
- 10Y*
- 8.39%
^GSPC
- 1D
- 0.00%
- 1M
- 7.35%
- YTD
- 12.12%
- 6M
- 10.22%
- 1Y
- 28.58%
- 3Y*
- 22.37%
- 5Y*
- 15.58%
- 10Y*
- 14.52%
CAE.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAE.TO CAE Inc. | -16.99% | 14.36% | 27.62% | 9.20% | -17.93% | -9.53% | 2.97% | 38.82% | 9.03% | 26.35% |
^GSPC S&P 500 Index | 11.75% | 11.05% | 33.90% | 21.49% | -13.70% | 25.75% | 14.29% | 22.54% | 1.71% | 11.82% |
Correlation
The correlation between CAE.TO and ^GSPC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.36 |
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Return for Risk
CAE.TO vs. ^GSPC — Risk / Return Rank
CAE.TO
^GSPC
CAE.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CAE Inc. (CAE.TO) and S&P 500 Index (^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.
| CAE.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.47 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 3.24 | -3.34 |
| Martin ratioReturn relative to average drawdown | -0.24 | 12.23 | -12.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CAE.TO | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 2.46 | -2.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 1.05 | -1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.89 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.99 | -0.79 |
Drawdowns
CAE.TO vs. ^GSPC - Drawdown Comparison
The maximum CAE.TO drawdown since its inception was -80.68%, which is greater than ^GSPC's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for CAE.TO and ^GSPC.
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Drawdown Indicators
| CAE.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.68% | -27.59% | -53.09% |
Max Drawdown (1Y)Largest decline over 1 year | -32.47% | -8.86% | -23.61% |
Max Drawdown (3Y)Largest decline over 3 years | -32.80% | -19.23% | -13.57% |
Max Drawdown (5Y)Largest decline over 5 years | -50.05% | -22.60% | -27.45% |
Max Drawdown (10Y)Largest decline over 10 years | -64.91% | -27.59% | -37.32% |
Current DrawdownCurrent decline from peak | -26.90% | 0.00% | -26.90% |
Average DrawdownAverage peak-to-trough decline | -25.25% | -3.51% | -21.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.20% | 2.34% | +10.86% |
Volatility
CAE.TO vs. ^GSPC - Volatility Comparison
CAE Inc. (CAE.TO) has a higher volatility of 18.01% compared to S&P 500 Index (^GSPC) at 2.69%. This indicates that CAE.TO'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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Volatility by Period
| CAE.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 2.69% | +15.32% |
Volatility (6M)Calculated over the trailing 6-month period | 27.01% | 8.85% | +18.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.77% | 11.70% | +20.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.64% | 14.99% | +19.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.45% | 16.33% | +19.12% |
Frequently Asked Questions
CAE.TO and ^GSPC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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