CCAP vs. ^GSPC
CCAP (Crescent Capital BDC, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, CCAP returned 2.48%/yr vs 12.39%/yr for ^GSPC. At a 0.32 correlation, their price movements are largely independent.
Performance
CCAP vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, CCAP achieves a -14.99% return, which is significantly lower than ^GSPC's 10.79% return.
CCAP
- 1D
- 2.58%
- 1M
- -17.10%
- YTD
- -14.99%
- 6M
- -15.58%
- 1Y
- -11.77%
- 3Y*
- 6.06%
- 5Y*
- 2.48%
- 10Y*
- —
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
CCAP vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CCAP Crescent Capital BDC, Inc. | -14.99% | -17.51% | 23.51% | 52.61% | -17.99% | 32.51% | 1.53% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 15.61% |
Correlation
The correlation between CCAP and ^GSPC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.32 |
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Return for Risk
CCAP vs. ^GSPC — Risk / Return Rank
CCAP
^GSPC
CCAP vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Crescent Capital BDC, Inc. (CCAP) 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.
| CCAP | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.41 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.98 | -3.48 |
| Martin ratioReturn relative to average drawdown | -1.26 | 13.78 | -15.04 |
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
| CCAP | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.46 | 2.28 | -2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.74 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.47 | -0.29 |
Drawdowns
CCAP vs. ^GSPC - Drawdown Comparison
The maximum CCAP drawdown since its inception was -63.68%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CCAP and ^GSPC.
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Drawdown Indicators
| CCAP | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.68% | -56.78% | -6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -23.77% | -9.10% | -14.67% |
Max Drawdown (3Y)Largest decline over 3 years | -35.30% | -18.90% | -16.40% |
Max Drawdown (5Y)Largest decline over 5 years | -35.30% | -25.43% | -9.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -32.61% | -0.33% | -32.28% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -10.72% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.35% | 1.97% | +7.38% |
Volatility
CCAP vs. ^GSPC - Volatility Comparison
Crescent Capital BDC, Inc. (CCAP) has a higher volatility of 12.96% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that CCAP'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
| CCAP | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.96% | 2.88% | +10.08% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 9.00% | +11.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.45% | 11.89% | +13.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.23% | 16.90% | +5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.94% | 18.06% | +15.88% |
Frequently Asked Questions
CCAP and ^GSPC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCAP has higher volatility (12.96%) compared to ^GSPC (2.88%). In terms of maximum drawdown, CCAP dropped -63.68% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.28 vs -0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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