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 0.39, 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:
1.31
^GSPC:
1.80
COHR:
2.01
^GSPC:
2.42
COHR:
1.26
^GSPC:
1.33
COHR:
1.58
^GSPC:
2.72
COHR:
6.98
^GSPC:
11.10
COHR:
11.44%
^GSPC:
2.08%
COHR:
60.89%
^GSPC:
12.84%
COHR:
-80.89%
^GSPC:
-56.78%
COHR:
-21.67%
^GSPC:
-1.32%
Returns By Period
In the year-to-date period, COHR achieves a -7.38% return, which is significantly lower than ^GSPC's 2.66% return. Over the past 10 years, COHR has outperformed ^GSPC with an annualized return of 17.83%, while ^GSPC has yielded a comparatively lower 11.41% annualized return.
COHR
-7.38%
-17.41%
51.43%
77.54%
19.86%
17.83%
^GSPC
2.66%
1.61%
15.23%
22.15%
12.59%
11.41%
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Risk-Adjusted Performance
COHR vs. ^GSPC — Risk-Adjusted Performance Rank
COHR
^GSPC
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 27.23% compared to S&P 500 (^GSPC) at 4.08%. 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.