DRS vs. ^GSPC

Last updated Jun 16, 2026

DRS (Leonardo DRS Inc. Common Stock) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, DRS returned 40.85%/yr vs 19.66%/yr for ^GSPC. At a 0.43 correlation, their price movements are largely independent.

Performance

DRS vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leonardo DRS Inc. Common Stock (DRS) 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, DRS achieves a 37.48% return, which is significantly higher than ^GSPC's 10.35% return.

DRS

• 1D: -3.81%
• 1M: 12.72%
• YTD: 37.48%
• 6M: 39.15%
• 1Y: 2.22%
• 3Y*: 40.85%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 1.65%
• 1M: 1.97%
• YTD: 10.35%
• 6M: 10.82%
• 1Y: 26.39%
• 3Y*: 19.66%
• 5Y*: 12.33%
• 10Y*: 13.81%

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

DRS vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DRS Leonardo DRS Inc. Common Stock	37.48%	6.56%	61.23%	56.81%	10.65%
^GSPC S&P 500 Index	10.35%	16.39%	23.31%	24.23%	-3.14%

Correlation

The correlation between DRS and ^GSPC is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Nov 29, 2022	0.43

Return for Risk

DRS vs. ^GSPC — Risk / Return Rank

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

DRS

DRS Risk / Return Rank: 42
DRS Sharpe Ratio Rank: 44
DRS Sortino Ratio Rank: 40
DRS Omega Ratio Rank: 40
DRS Calmar Ratio Rank: 44
DRS Martin Ratio Rank: 44

^GSPC

^GSPC Risk / Return Rank: 83
^GSPC Sharpe Ratio Rank: 81
^GSPC Sortino Ratio Rank: 84
^GSPC Omega Ratio Rank: 86
^GSPC Calmar Ratio Rank: 76
^GSPC Martin Ratio Rank: 86

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.

DRS vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leonardo DRS Inc. Common Stock (DRS) 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.

	DRS	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	0.05	2.14	-2.08
Sortino ratio: Return per unit of downside risk	0.38	2.89	-2.51
Omega ratio: Gain probability vs. loss probability	1.05	1.39	-0.34
Calmar ratio: Return relative to maximum drawdown	0.07	2.91	-2.85
Martin ratio: Return relative to average drawdown	0.14	13.08	-12.95

DRS vs. ^GSPC - Sharpe Ratio Comparison

The current DRS Sharpe Ratio is 0.05, which is lower than the ^GSPC Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of DRS 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.

Drawdowns

DRS vs. ^GSPC - Drawdown Comparison

The maximum DRS drawdown since its inception was -32.48%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for DRS and ^GSPC.

Drawdown Indicators

	DRS	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-32.48%	-56.78%	+24.30%
Max Drawdown (1Y) Largest decline over 1 year	-32.48%	-9.10%	-23.38%
Max Drawdown (3Y) Largest decline over 3 years	-32.48%	-18.90%	-13.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-6.06%	-0.73%	-5.33%
Average Drawdown Average peak-to-trough decline	-7.25%	-10.72%	+3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.06%	2.02%	+14.04%

Volatility

DRS vs. ^GSPC - Volatility Comparison

Leonardo DRS Inc. Common Stock (DRS) has a higher volatility of 14.30% compared to S&P 500 Index (^GSPC) at 4.67%. This indicates that DRS'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

	DRS	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.30%	4.67%	+9.63%
Volatility (6M) Calculated over the trailing 6-month period	32.06%	9.83%	+22.23%
Volatility (1Y) Calculated over the trailing 1-year period	40.81%	12.44%	+28.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.77%	16.99%	+21.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.77%	18.11%	+20.66%

Frequently Asked Questions

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

DRS and ^GSPC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRS or ^GSPC?

DRS has higher volatility (14.30%) compared to ^GSPC (4.67%). In terms of maximum drawdown, DRS dropped -32.48% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (2.14 vs 0.05), 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.