GNE vs. ^SP600

Last updated Jun 3, 2026

GNE (Genie Energy Ltd.) is a stock, while ^SP600 (S&P 600) is an index. Over the past 10 years, GNE returned 10.35%/yr vs 9.11%/yr for ^SP600. At a 0.33 correlation, their price movements are largely independent.

Performance

GNE vs. ^SP600 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genie Energy Ltd. (GNE) and S&P 600 (^SP600). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GNE achieves a 2.97% return, which is significantly lower than ^SP600's 15.58% return. Over the past 10 years, GNE has outperformed ^SP600 with an annualized return of 10.35%, while ^SP600 has yielded a comparatively lower 9.11% annualized return.

GNE

• 1D: 2.03%
• 1M: -1.01%
• YTD: 2.97%
• 6M: -0.22%
• 1Y: -33.02%
• 3Y*: 1.50%
• 5Y*: 21.25%
• 10Y*: 10.35%

^SP600

• 1D: 0.88%
• 1M: 1.41%
• YTD: 15.58%
• 6M: 15.88%
• 1Y: 32.63%
• 3Y*: 12.81%
• 5Y*: 4.20%
• 10Y*: 9.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GNE vs. ^SP600 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GNE Genie Energy Ltd.	2.97%	-9.91%	-43.56%	177.26%	95.26%	-21.65%	-2.76%	32.91%	46.22%	-20.42%
^SP600 S&P 600	15.58%	4.23%	6.82%	13.89%	-17.42%	25.27%	9.57%	20.86%	-9.75%	11.73%

Correlation

The correlation between GNE and ^SP600 is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 27, 2011	0.33

Return for Risk

GNE vs. ^SP600 — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GNE

GNE Risk / Return Rank: 14
GNE Sharpe Ratio Rank: 7
GNE Sortino Ratio Rank: 10
GNE Omega Ratio Rank: 9
GNE Calmar Ratio Rank: 18
GNE Martin Ratio Rank: 26

^SP600

^SP600 Risk / Return Rank: 71
^SP600 Sharpe Ratio Rank: 63
^SP600 Sortino Ratio Rank: 68
^SP600 Omega Ratio Rank: 62
^SP600 Calmar Ratio Rank: 85
^SP600 Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GNE vs. ^SP600 - Risk-Adjusted Trends 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.

	GNE	^SP600	Difference
Sharpe ratio Return per unit of total volatility	-0.89	1.87	-2.75
Sortino ratio Return per unit of downside risk	-1.06	2.71	-3.76
Omega ratio Gain probability vs. loss probability	0.85	1.32	-0.47
Calmar ratio Return relative to maximum drawdown	-0.61	3.59	-4.20
Martin ratio Return relative to average drawdown	-0.74	12.00	-12.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GNE vs. ^SP600 - Sharpe Ratio Comparison

The current GNE Sharpe Ratio is -0.89, which is lower than the ^SP600 Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of GNE and ^SP600, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GNE	^SP600	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	1.87	-2.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.20	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.39	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.45	-0.33

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.

Drawdown Indicators

	GNE	^SP600	Difference
Max Drawdown Largest peak-to-trough decline	-75.12%	-59.17%	-15.95%
Max Drawdown (1Y) Largest decline over 1 year	-52.48%	-8.94%	-43.54%
Max Drawdown (3Y) Largest decline over 3 years	-55.52%	-28.39%	-27.13%
Max Drawdown (5Y) Largest decline over 5 years	-55.52%	-28.39%	-27.13%
Max Drawdown (10Y) Largest decline over 10 years	-57.65%	-45.77%	-11.88%
Current Drawdown Current decline from peak	-51.89%	-0.07%	-51.82%
Average Drawdown Average peak-to-trough decline	-43.25%	-9.28%	-33.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.57%	2.67%	+40.90%

Volatility

GNE vs. ^SP600 - Volatility Comparison

Genie Energy Ltd. (GNE) has a higher volatility of 9.39% compared to S&P 600 (^SP600) at 4.49%. 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.

Volatility by Period

	GNE	^SP600	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.39%	4.49%	+4.90%
Volatility (6M) Calculated over the trailing 6-month period	21.48%	11.71%	+9.77%
Volatility (1Y) Calculated over the trailing 1-year period	37.39%	17.56%	+19.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.21%	21.46%	+21.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.85%	23.20%	+21.65%

Frequently Asked Questions

Can I hold both GNE and ^SP600 in my portfolio?

GNE and ^SP600 have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GNE or ^SP600?

GNE has higher volatility (9.39%) compared to ^SP600 (4.49%). In terms of maximum drawdown, GNE dropped -75.12% vs ^SP600's -59.17%.

Which has better risk-adjusted returns?

^SP600 currently has the higher Sharpe Ratio (1.87 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.