FLNC vs. ^GSPC
Compare and contrast key facts about Fluence Energy, Inc. (FLNC) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLNC or ^GSPC.
Key characteristics
| FLNC | ^GSPC | |
|---|---|---|
| Sharpe Ratio | -0.38 | 2.59 |
| Sortino Ratio | -0.10 | 3.45 |
| Omega Ratio | 0.99 | 1.48 |
| Calmar Ratio | -0.45 | 3.73 |
| Martin Ratio | -0.94 | 16.58 |
| Ulcer Index | 30.80% | 1.91% |
| Daily Std Dev | 75.48% | 12.24% |
| Max Drawdown | -83.22% | -56.78% |
| Current Drawdown | -51.26% | 0.00% |
Correlation
The correlation between FLNC and ^GSPC is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FLNC vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, FLNC achieves a -23.14% return, which is significantly lower than ^GSPC's 26.84% return.
FLNC
-23.14%
-13.86%
-17.95%
-31.96%
N/A
N/A
^GSPC
26.84%
5.60%
14.34%
32.39%
14.23%
11.32%
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Risk-Adjusted Performance
FLNC vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fluence Energy, Inc. (FLNC) 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
FLNC vs. ^GSPC - Drawdown Comparison
The maximum FLNC drawdown since its inception was -83.22%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FLNC and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FLNC vs. ^GSPC - Volatility Comparison
Fluence Energy, Inc. (FLNC) has a higher volatility of 32.27% compared to S&P 500 (^GSPC) at 3.39%. This indicates that FLNC'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.