DQ vs. CSPX.L
Compare and contrast key facts about Daqo New Energy Corp. (DQ) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L).
CSPX.L is a passively managed fund by Blackrock Financial Management that tracks the performance of the S&P 500 Index. It was launched on May 18, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DQ or CSPX.L.
Key characteristics
DQ | CSPX.L | |
---|---|---|
YTD Return | -27.82% | 6.47% |
1Y Return | -59.82% | 23.86% |
3Y Return (Ann) | -38.06% | 8.06% |
5Y Return (Ann) | 20.43% | 13.32% |
10Y Return (Ann) | 8.45% | 12.13% |
Sharpe Ratio | -1.16 | 2.26 |
Daily Std Dev | 50.20% | 11.40% |
Max Drawdown | -94.98% | -33.90% |
Current Drawdown | -84.53% | -3.33% |
Correlation
The correlation between DQ and CSPX.L is 0.19, 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
DQ vs. CSPX.L - Performance Comparison
In the year-to-date period, DQ achieves a -27.82% return, which is significantly lower than CSPX.L's 6.47% return. Over the past 10 years, DQ has underperformed CSPX.L with an annualized return of 8.45%, while CSPX.L has yielded a comparatively higher 12.13% annualized 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
DQ vs. CSPX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Daqo New Energy Corp. (DQ) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L). 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.
Dividends
DQ vs. CSPX.L - Dividend Comparison
Neither DQ nor CSPX.L has paid dividends to shareholders.
Drawdowns
DQ vs. CSPX.L - Drawdown Comparison
The maximum DQ drawdown since its inception was -94.98%, which is greater than CSPX.L's maximum drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for DQ and CSPX.L. For additional features, visit the drawdowns tool.
Volatility
DQ vs. CSPX.L - Volatility Comparison
Daqo New Energy Corp. (DQ) has a higher volatility of 18.85% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) at 3.85%. This indicates that DQ's price experiences larger fluctuations and is considered to be riskier than CSPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.