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:
-0.71
^GSPC:
2.06
GBPUSD=X:
-0.90
^GSPC:
2.74
GBPUSD=X:
0.89
^GSPC:
1.38
GBPUSD=X:
-0.11
^GSPC:
3.13
GBPUSD=X:
-1.37
^GSPC:
12.84
GBPUSD=X:
3.34%
^GSPC:
2.07%
GBPUSD=X:
6.31%
^GSPC:
12.87%
GBPUSD=X:
-49.30%
^GSPC:
-56.78%
GBPUSD=X:
-42.30%
^GSPC:
-1.54%
Returns By Period
In the year-to-date period, GBPUSD=X achieves a -2.80% return, which is significantly lower than ^GSPC's 1.96% return. Over the past 10 years, GBPUSD=X has underperformed ^GSPC with an annualized return of -2.10%, while ^GSPC has yielded a comparatively higher 11.46% annualized return.
GBPUSD=X
-2.80%
-2.72%
-5.87%
-4.24%
-1.29%
-2.10%
^GSPC
1.96%
2.21%
8.93%
23.90%
12.52%
11.46%
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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 2.10%, while S&P 500 (^GSPC) has a volatility of 3.86%. 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.