GNE vs. ^SP600
Compare and contrast key facts about Genie Energy Ltd. (GNE) and S&P 600 (^SP600).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNE or ^SP600.
Key characteristics
| GNE | ^SP600 | |
|---|---|---|
| YTD Return | -44.86% | 2.08% |
| 1Y Return | 1.20% | 20.50% |
| 3Y Return (Ann) | 36.09% | -0.22% |
| 5Y Return (Ann) | 12.50% | 7.58% |
| 10Y Return (Ann) | 11.10% | 7.74% |
| Sharpe Ratio | -0.06 | 0.98 |
| Daily Std Dev | 45.25% | 19.26% |
| Max Drawdown | -75.12% | -59.17% |
| Current Drawdown | -49.32% | -8.21% |
Correlation
The correlation between GNE and ^SP600 is 0.33, 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
GNE vs. ^SP600 - Performance Comparison
In the year-to-date period, GNE achieves a -44.86% return, which is significantly lower than ^SP600's 2.08% return. Over the past 10 years, GNE has outperformed ^SP600 with an annualized return of 11.10%, while ^SP600 has yielded a comparatively lower 7.74% 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
GNE vs. ^SP600 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Genie Energy Ltd. (GNE) and S&P 600 (^SP600). 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
GNE vs. ^SP600 - Drawdown Comparison
The maximum GNE drawdown since its inception was -75.12%, which is greater than ^SP600's maximum drawdown of -59.17%. Use the drawdown chart below to compare losses from any high point for GNE and ^SP600. For additional features, visit the drawdowns tool.
Volatility
GNE vs. ^SP600 - Volatility Comparison
Genie Energy Ltd. (GNE) has a higher volatility of 11.85% compared to S&P 600 (^SP600) at 4.03%. This indicates that GNE's price experiences larger fluctuations and is considered to be riskier than ^SP600 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.