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 1.05%/yr vs 11.63%/yr for ^GSPC. At a 0.31 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 -15.53% return, which is significantly lower than ^GSPC's 10.66% return.
CCAP
- 1D
- 1.84%
- 1M
- 1.57%
- 6M
- -18.09%
- YTD
- -15.53%
- 1Y
- -14.41%
- 3Y*
- -0.00%
- 5Y*
- 1.05%
- 10Y*
- —
^GSPC
- 1D
- 0.42%
- 1M
- 1.94%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 21.02%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
CCAP vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CCAP Crescent Capital BDC, Inc. | -15.53% | -17.51% | 23.51% | 52.61% | -17.99% | 32.51% | 0.98% |
^GSPC S&P 500 Index | 10.66% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.45% |
Correlation
The correlation between CCAP and ^GSPC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2020 | 0.31 |
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CCAP | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.30 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 2.28 | -2.80 |
| Martin ratioReturn relative to average drawdown | -1.11 | 9.88 | -10.99 |
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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 | -24.39% | -9.10% | -15.29% |
Max Drawdown (3Y)Largest decline over 3 years | -35.83% | -18.90% | -16.93% |
Max Drawdown (5Y)Largest decline over 5 years | -35.83% | -25.43% | -10.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -33.04% | -0.45% | -32.59% |
Average DrawdownAverage peak-to-trough decline | -13.10% | -10.71% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.58% | 2.09% | +9.49% |
Volatility
CCAP vs. ^GSPC - Volatility Comparison
Crescent Capital BDC, Inc. (CCAP) has a higher volatility of 5.42% compared to S&P 500 Index (^GSPC) at 4.25%. 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 | 5.42% | 4.25% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 9.96% | +10.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.61% | 12.52% | +13.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.31% | 17.00% | +5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.77% | 18.05% | +15.72% |
Frequently Asked Questions
CCAP and ^GSPC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCAP has higher volatility (5.42%) compared to ^GSPC (4.25%). In terms of maximum drawdown, CCAP dropped -63.68% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.65 vs -0.50), 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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