CG vs. ^GSPC
CG (The Carlyle Group Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CG returned 16.61%/yr vs 13.61%/yr for ^GSPC. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
CG vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, CG achieves a -21.53% return, which is significantly lower than ^GSPC's 8.56% return. Over the past 10 years, CG has outperformed ^GSPC with an annualized return of 16.61%, while ^GSPC has yielded a comparatively lower 13.61% annualized return.
CG
- 1D
- 2.69%
- 1M
- -6.25%
- YTD
- -21.53%
- 6M
- -20.51%
- 1Y
- -1.61%
- 3Y*
- 18.18%
- 5Y*
- 3.96%
- 10Y*
- 16.61%
^GSPC
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
CG vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CG The Carlyle Group Inc. | -21.53% | 20.20% | 28.05% | 42.55% | -43.78% | 78.46% | 1.62% | 116.75% | -27.28% | 59.83% |
^GSPC S&P 500 Index | 8.56% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between CG and ^GSPC is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 3, 2012 | 0.57 |
The correlation between CG and ^GSPC shifts across timeframes, from 0.57 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CG vs. ^GSPC — Risk / Return Rank
CG
^GSPC
CG vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Carlyle Group Inc. (CG) 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.
| CG | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.34 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.53 | -2.57 |
| Martin ratioReturn relative to average drawdown | -0.08 | 11.37 | -11.45 |
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Drawdowns
CG vs. ^GSPC - Drawdown Comparison
The maximum CG drawdown since its inception was -62.69%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CG and ^GSPC.
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Drawdown Indicators
| CG | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.69% | -56.78% | -5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -37.83% | -9.10% | -28.73% |
Max Drawdown (3Y)Largest decline over 3 years | -38.53% | -18.90% | -19.63% |
Max Drawdown (5Y)Largest decline over 5 years | -56.75% | -25.43% | -31.32% |
Max Drawdown (10Y)Largest decline over 10 years | -56.75% | -33.92% | -22.83% |
Current DrawdownCurrent decline from peak | -32.67% | -2.34% | -30.33% |
Average DrawdownAverage peak-to-trough decline | -21.75% | -10.72% | -11.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.76% | 2.02% | +17.74% |
Volatility
CG vs. ^GSPC - Volatility Comparison
The Carlyle Group Inc. (CG) has a higher volatility of 10.06% compared to S&P 500 Index (^GSPC) at 4.43%. This indicates that CG'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
| CG | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.06% | 4.43% | +5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 27.69% | 9.70% | +17.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.18% | 12.38% | +23.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.78% | 16.97% | +22.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.38% | 18.09% | +19.29% |
Frequently Asked Questions
CG and ^GSPC have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CG has higher volatility (10.06%) compared to ^GSPC (4.43%). In terms of maximum drawdown, CG dropped -62.69% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.86 vs -0.04), 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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