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:
-0.02
^GSPC:
1.90
GBPUSD=X:
0.02
^GSPC:
2.54
GBPUSD=X:
1.00
^GSPC:
1.35
GBPUSD=X:
-0.00
^GSPC:
2.81
GBPUSD=X:
-0.04
^GSPC:
12.39
GBPUSD=X:
2.48%
^GSPC:
1.93%
GBPUSD=X:
6.17%
^GSPC:
12.58%
GBPUSD=X:
-49.30%
^GSPC:
-56.78%
GBPUSD=X:
-40.21%
^GSPC:
-3.58%
Returns By Period
In the year-to-date period, GBPUSD=X achieves a -1.01% return, which is significantly lower than ^GSPC's 23.11% return. Over the past 10 years, GBPUSD=X has underperformed ^GSPC with an annualized return of -2.06%, while ^GSPC has yielded a comparatively higher 11.01% annualized return.
GBPUSD=X
-1.01%
-0.60%
-0.91%
-1.01%
-0.60%
-2.06%
^GSPC
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
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Risk-Adjusted Performance
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 2.12%, while S&P 500 (^GSPC) has a volatility of 3.62%. 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.