CVLT vs. ^GSPC

Last updated Jun 3, 2026

CVLT (Commvault Systems, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CVLT returned 10.14%/yr vs 13.75%/yr for ^GSPC. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

CVLT vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Commvault Systems, Inc. (CVLT) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVLT achieves a -2.58% return, which is significantly lower than ^GSPC's 11.16% return. Over the past 10 years, CVLT has underperformed ^GSPC with an annualized return of 10.14%, while ^GSPC has yielded a comparatively higher 13.75% annualized return.

CVLT

• 1D: -0.22%
• 1M: 22.65%
• YTD: -2.58%
• 6M: -1.11%
• 1Y: -34.69%
• 3Y*: 19.57%
• 5Y*: 9.96%
• 10Y*: 10.14%

^GSPC

• 1D: 0.13%
• 1M: 5.25%
• YTD: 11.16%
• 6M: 11.43%
• 1Y: 28.20%
• 3Y*: 21.12%
• 5Y*: 12.66%
• 10Y*: 13.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CVLT vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CVLT Commvault Systems, Inc.	-2.58%	-16.93%	88.99%	27.07%	-8.82%	24.47%	24.04%	-24.45%	12.55%	2.14%
^GSPC S&P 500 Index	11.16%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Correlation

The correlation between CVLT and ^GSPC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Sep 25, 2006	0.54

The correlation between CVLT and ^GSPC shifts across timeframes, from 0.40 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CVLT vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CVLT

CVLT Risk / Return Rank: 18
CVLT Sharpe Ratio Rank: 14
CVLT Sortino Ratio Rank: 18
CVLT Omega Ratio Rank: 15
CVLT Calmar Ratio Rank: 21
CVLT Martin Ratio Rank: 22

^GSPC

^GSPC Risk / Return Rank: 79
^GSPC Sharpe Ratio Rank: 76
^GSPC Sortino Ratio Rank: 76
^GSPC Omega Ratio Rank: 77
^GSPC Calmar Ratio Rank: 79
^GSPC Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CVLT vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Commvault Systems, Inc. (CVLT) 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.

	CVLT	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.62	2.39	-3.01
Sortino ratio Return per unit of downside risk	-0.57	3.25	-3.83
Omega ratio Gain probability vs. loss probability	0.91	1.43	-0.52
Calmar ratio Return relative to maximum drawdown	-0.54	3.16	-3.70
Martin ratio Return relative to average drawdown	-0.91	14.61	-15.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CVLT vs. ^GSPC - Sharpe Ratio Comparison

The current CVLT Sharpe Ratio is -0.62, which is lower than the ^GSPC Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of CVLT and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CVLT	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	2.39	-3.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.75	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.76	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.47	-0.22

Drawdowns

CVLT vs. ^GSPC - Drawdown Comparison

The maximum CVLT drawdown since its inception was -68.89%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CVLT and ^GSPC.

Drawdown Indicators

	CVLT	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-68.89%	-56.78%	-12.11%
Max Drawdown (1Y) Largest decline over 1 year	-61.53%	-9.10%	-52.43%
Max Drawdown (3Y) Largest decline over 3 years	-61.53%	-18.90%	-42.63%
Max Drawdown (5Y) Largest decline over 5 years	-61.53%	-25.43%	-36.10%
Max Drawdown (10Y) Largest decline over 10 years	-61.53%	-33.92%	-27.61%
Current Drawdown Current decline from peak	-37.51%	0.00%	-37.51%
Average Drawdown Average peak-to-trough decline	-26.90%	-10.72%	-16.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.62%	1.97%	+34.65%

Volatility

CVLT vs. ^GSPC - Volatility Comparison

Commvault Systems, Inc. (CVLT) has a higher volatility of 10.79% compared to S&P 500 Index (^GSPC) at 2.84%. This indicates that CVLT'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.

Volatility by Period

	CVLT	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.79%	2.84%	+7.95%
Volatility (6M) Calculated over the trailing 6-month period	48.38%	8.98%	+39.40%
Volatility (1Y) Calculated over the trailing 1-year period	56.38%	11.87%	+44.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.36%	16.90%	+25.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.71%	18.07%	+19.64%

Frequently Asked Questions

Can I hold both CVLT and ^GSPC in my portfolio?

CVLT and ^GSPC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVLT or ^GSPC?

CVLT has higher volatility (10.79%) compared to ^GSPC (2.84%). In terms of maximum drawdown, CVLT dropped -68.89% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (2.39 vs -0.62), 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.