CCAP vs. ^GSPC
Compare and contrast key facts about Crescent Capital BDC, Inc. (CCAP) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCAP or ^GSPC.
Key characteristics
| CCAP | ^GSPC | |
|---|---|---|
| YTD Return | 5.53% | 11.05% |
| 1Y Return | 44.31% | 27.37% |
| 3Y Return (Ann) | 9.24% | 8.37% |
| Sharpe Ratio | 2.81 | 2.49 |
| Daily Std Dev | 16.66% | 11.59% |
| Max Drawdown | -63.68% | -56.78% |
| Current Drawdown | -2.09% | -0.21% |
Correlation
The correlation between CCAP and ^GSPC is 0.28, 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
CCAP vs. ^GSPC - Performance Comparison
In the year-to-date period, CCAP achieves a 5.53% return, which is significantly lower than ^GSPC's 11.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CCAP vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crescent Capital BDC, Inc. (CCAP) 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
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. For additional features, visit the drawdowns tool.
Volatility
CCAP vs. ^GSPC - Volatility Comparison
Crescent Capital BDC, Inc. (CCAP) has a higher volatility of 3.67% compared to S&P 500 (^GSPC) at 3.40%. 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.