CBAT vs. ^SP500TR
Compare and contrast key facts about CBAK Energy Technology, Inc. (CBAT) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBAT or ^SP500TR.
Correlation
The correlation between CBAT and ^SP500TR is 0.24, 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
CBAT vs. ^SP500TR - Performance Comparison
Key characteristics
CBAT:
-0.20
^SP500TR:
2.20
CBAT:
0.23
^SP500TR:
2.91
CBAT:
1.03
^SP500TR:
1.40
CBAT:
-0.16
^SP500TR:
3.35
CBAT:
-0.46
^SP500TR:
13.96
CBAT:
34.46%
^SP500TR:
2.03%
CBAT:
76.63%
^SP500TR:
12.88%
CBAT:
-99.49%
^SP500TR:
-55.25%
CBAT:
-98.57%
^SP500TR:
-1.40%
Returns By Period
In the year-to-date period, CBAT achieves a -4.93% return, which is significantly lower than ^SP500TR's 2.01% return. Over the past 10 years, CBAT has underperformed ^SP500TR with an annualized return of -6.93%, while ^SP500TR has yielded a comparatively higher 13.55% annualized return.
CBAT
-4.93%
11.71%
-29.91%
-16.48%
0.81%
-6.93%
^SP500TR
2.01%
2.22%
9.66%
27.16%
14.31%
13.55%
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Risk-Adjusted Performance
CBAT vs. ^SP500TR — Risk-Adjusted Performance Rank
CBAT
^SP500TR
CBAT vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBAK Energy Technology, Inc. (CBAT) and S&P 500 Total Return (^SP500TR). 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
CBAT vs. ^SP500TR - Drawdown Comparison
The maximum CBAT drawdown since its inception was -99.49%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for CBAT and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
CBAT vs. ^SP500TR - Volatility Comparison
CBAK Energy Technology, Inc. (CBAT) has a higher volatility of 28.45% compared to S&P 500 Total Return (^SP500TR) at 5.07%. This indicates that CBAT's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.