GBP=X vs. ^GSPC
Compare and contrast key facts about USD/GBP (GBP=X) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBP=X or ^GSPC.
Key characteristics
| GBP=X | ^GSPC | |
|---|---|---|
| YTD Return | -3.69% | 17.79% |
| 1Y Return | -6.33% | 26.42% |
| 3Y Return (Ann) | 1.00% | 8.24% |
| 5Y Return (Ann) | -0.92% | 13.48% |
| 10Y Return (Ann) | 1.77% | 10.85% |
| Sharpe Ratio | -0.84 | 2.06 |
| Daily Std Dev | 5.84% | 12.69% |
| Max Drawdown | -34.89% | -56.78% |
| Current Drawdown | -18.86% | -0.86% |
Correlation
The correlation between GBP=X and ^GSPC is 0.06, 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
GBP=X vs. ^GSPC - Performance Comparison
In the year-to-date period, GBP=X achieves a -3.69% return, which is significantly lower than ^GSPC's 17.79% return. Over the past 10 years, GBP=X has underperformed ^GSPC with an annualized return of 1.77%, while ^GSPC has yielded a comparatively higher 10.85% 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
GBP=X vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/GBP (GBP=X) 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
GBP=X vs. ^GSPC - Drawdown Comparison
The maximum GBP=X drawdown since its inception was -34.89%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GBP=X and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GBP=X vs. ^GSPC - Volatility Comparison
The current volatility for USD/GBP (GBP=X) is 1.10%, while S&P 500 (^GSPC) has a volatility of 3.60%. This indicates that GBP=X experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.