COHR vs. ^GSPC
Compare and contrast key facts about Coherent, Inc. (COHR) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COHR or ^GSPC.
Correlation
The correlation between COHR and ^GSPC is 0.38, 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
COHR vs. ^GSPC - Performance Comparison
Key characteristics
COHR:
2.28
^GSPC:
2.10
COHR:
3.07
^GSPC:
2.80
COHR:
1.37
^GSPC:
1.39
COHR:
2.17
^GSPC:
3.09
COHR:
12.53
^GSPC:
13.49
COHR:
10.25%
^GSPC:
1.94%
COHR:
56.31%
^GSPC:
12.52%
COHR:
-80.89%
^GSPC:
-56.78%
COHR:
-12.81%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, COHR achieves a 124.37% return, which is significantly higher than ^GSPC's 24.34% return. Over the past 10 years, COHR has outperformed ^GSPC with an annualized return of 21.73%, while ^GSPC has yielded a comparatively lower 11.06% annualized return.
COHR
124.37%
-5.52%
35.78%
121.93%
23.66%
21.73%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
COHR vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent, Inc. (COHR) 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
COHR vs. ^GSPC - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for COHR and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
COHR vs. ^GSPC - Volatility Comparison
Coherent, Inc. (COHR) has a higher volatility of 16.00% compared to S&P 500 (^GSPC) at 3.79%. This indicates that COHR'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.