GBPUSD=X vs. ^GSPC
Compare and contrast key facts about GBP/USD (GBPUSD=X) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBPUSD=X or ^GSPC.
Correlation
The correlation between GBPUSD=X and ^GSPC is 0.08, 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
GBPUSD=X vs. ^GSPC - Performance Comparison
Key characteristics
GBPUSD=X:
0.41
^GSPC:
-0.17
GBPUSD=X:
0.63
^GSPC:
-0.11
GBPUSD=X:
1.08
^GSPC:
0.98
GBPUSD=X:
0.07
^GSPC:
-0.15
GBPUSD=X:
0.66
^GSPC:
-0.79
GBPUSD=X:
4.28%
^GSPC:
3.36%
GBPUSD=X:
6.97%
^GSPC:
15.95%
GBPUSD=X:
-49.30%
^GSPC:
-56.78%
GBPUSD=X:
-38.85%
^GSPC:
-17.42%
Returns By Period
In the year-to-date period, GBPUSD=X achieves a 3.00% return, which is significantly higher than ^GSPC's -13.73% return. Over the past 10 years, GBPUSD=X has underperformed ^GSPC with an annualized return of -1.33%, while ^GSPC has yielded a comparatively higher 9.37% annualized return.
GBPUSD=X
3.00%
-0.04%
-1.75%
1.96%
0.96%
-1.33%
^GSPC
-13.73%
-13.15%
-11.77%
-1.42%
15.35%
9.37%
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Risk-Adjusted Performance
GBPUSD=X vs. ^GSPC — Risk-Adjusted Performance Rank
GBPUSD=X
^GSPC
GBPUSD=X vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GBP/USD (GBPUSD=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
GBPUSD=X vs. ^GSPC - Drawdown Comparison
The maximum GBPUSD=X drawdown since its inception was -49.30%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GBPUSD=X and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GBPUSD=X vs. ^GSPC - Volatility Comparison
The current volatility for GBP/USD (GBPUSD=X) is 2.19%, while S&P 500 (^GSPC) has a volatility of 9.00%. This indicates that GBPUSD=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.