CARA vs. ^GSPC
Compare and contrast key facts about Cara Therapeutics, Inc. (CARA) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CARA or ^GSPC.
Correlation
The correlation between CARA and ^GSPC is 0.32, 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
CARA vs. ^GSPC - Performance Comparison
Key characteristics
CARA:
-0.28
^GSPC:
1.62
CARA:
0.43
^GSPC:
2.20
CARA:
1.05
^GSPC:
1.30
CARA:
-0.36
^GSPC:
2.46
CARA:
-0.61
^GSPC:
10.01
CARA:
58.58%
^GSPC:
2.08%
CARA:
127.71%
^GSPC:
12.88%
CARA:
-99.17%
^GSPC:
-56.78%
CARA:
-98.58%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, CARA achieves a -18.79% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, CARA has underperformed ^GSPC with an annualized return of -27.83%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
CARA
-18.79%
3.97%
19.01%
-48.15%
-52.64%
-27.83%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
CARA vs. ^GSPC — Risk-Adjusted Performance Rank
CARA
^GSPC
CARA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cara Therapeutics, Inc. (CARA) 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
CARA vs. ^GSPC - Drawdown Comparison
The maximum CARA drawdown since its inception was -99.17%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CARA and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
CARA vs. ^GSPC - Volatility Comparison
Cara Therapeutics, Inc. (CARA) has a higher volatility of 27.23% compared to S&P 500 (^GSPC) at 3.43%. This indicates that CARA'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.