HRB vs. INDEX

Last updated Aug 1, 2026

HRB (H&R Block, Inc.) is a stock, while INDEX (CYBER HORNET S&P 500) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, HRB returned 10.77%/yr vs 12.52%/yr for INDEX. Their 0.39 correlation means their historical movements had little consistent relationship.

Performance

HRB vs. INDEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in H&R Block, Inc. (HRB) and CYBER HORNET S&P 500 (INDEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HRB achieves a 3.52% return, which is significantly lower than INDEX's 9.20% return. Over the past 10 years, HRB has underperformed INDEX with an annualized return of 10.77%, while INDEX has yielded a comparatively higher 12.52% annualized return.

HRB

• 1D: -0.59%
• 1M: 9.97%
• 6M: 14.36%
• YTD: 3.52%
• 1Y: -15.67%
• 3Y*: 12.84%
• 5Y*: 16.21%
• 10Y*: 10.77%
• ALL TIME*: 10.27%

INDEX

• 1D: 1.66%
• 1M: -0.57%
• 6M: 7.71%
• YTD: 9.20%
• 1Y: 20.59%
• 3Y*: 17.12%
• 5Y*: 10.90%
• 10Y*: 12.52%
• ALL TIME*: 11.20%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HRB H&R Block, Inc.	$79.64M	$78.55M	$89.93M
INDEX CYBER HORNET S&P 500	$0.00	$0.00	$0.00

HRB vs. INDEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HRB H&R Block, Inc.	3.52%	-14.88%	12.03%	36.87%	59.94%	55.43%	-27.97%	-3.55%	0.49%	18.22%
INDEX CYBER HORNET S&P 500	9.20%	17.77%	24.73%	10.58%	-11.84%	29.10%	12.75%	28.98%	-7.83%	18.70%

Correlation

The correlation between HRB and INDEX is -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.10
Correlation (3Y) Balances recent behavior with more history.	0.15
Correlation (5Y) Shows whether the relationship held over a longer period.	0.30
Correlation (10Y) Provides a long-term view across more market conditions.	0.37
Correlation (All Time) Calculated using the full available price history since May 11, 2015	0.39

The correlation between HRB and INDEX shifts across timeframes, from -0.10 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HRB vs. INDEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HRB

HRB Risk / Return Rank: 30
HRB Sharpe Ratio Rank: 28
HRB Sortino Ratio Rank: 26
HRB Omega Ratio Rank: 27
HRB Calmar Ratio Rank: 33
HRB Martin Ratio Rank: 34

INDEX

INDEX Risk / Return Rank: 63
INDEX Sharpe Ratio Rank: 61
INDEX Sortino Ratio Rank: 57
INDEX Omega Ratio Rank: 58
INDEX Calmar Ratio Rank: 64
INDEX Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HRB vs. INDEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for H&R Block, Inc. (HRB) and CYBER HORNET S&P 500 (INDEX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HRB	INDEX	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	1.43	-1.79
Sortino ratio: Return per unit of downside risk	-0.29	2.00	-2.29
Omega ratio: Gain probability vs. loss probability	0.97	1.26	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.32	2.05	-2.38
Martin ratio: Return relative to average drawdown	-0.56	8.84	-9.40

HRB vs. INDEX - Sharpe Ratio Comparison

The current HRB Sharpe Ratio is -0.36, which is lower than the INDEX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of HRB and INDEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HRB vs. INDEX - Drawdown Comparison

The maximum HRB drawdown since its inception was -62.08%, which is greater than INDEX's maximum drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for HRB and INDEX.

Drawdown Indicators

	HRB	INDEX	Difference
Max Drawdown Largest peak-to-trough decline	-62.08%	-38.82%	-23.26%
Max Drawdown (1Y) Largest decline over 1 year	-47.86%	-8.93%	-38.93%
Max Drawdown (3Y) Largest decline over 3 years	-55.54%	-18.75%	-36.79%
Max Drawdown (5Y) Largest decline over 5 years	-55.54%	-21.52%	-34.02%
Max Drawdown (10Y) Largest decline over 10 years	-57.72%	-38.82%	-18.90%
Current Drawdown Current decline from peak	-29.22%	-2.10%	-27.12%
Average Drawdown Average peak-to-trough decline	-18.70%	-4.59%	-14.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.50%	2.07%	+25.43%

Volatility

HRB vs. INDEX - Volatility Comparison

H&R Block, Inc. (HRB) has a higher volatility of 13.01% compared to CYBER HORNET S&P 500 (INDEX) at 3.44%. This indicates that HRB's price experiences larger fluctuations and is considered to be riskier than INDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRB	INDEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.01%	3.44%	+9.57%
Volatility (6M) Calculated over the trailing 6-month period	37.36%	10.11%	+27.25%
Volatility (1Y) Calculated over the trailing 1-year period	43.21%	12.83%	+30.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.50%	16.82%	+16.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.07%	18.61%	+17.46%

Dividends

HRB vs. INDEX - Dividend Comparison

HRB's dividend yield for the trailing twelve months is around 3.82%, more than INDEX's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRB H&R Block, Inc.	3.82%	3.65%	2.63%	2.52%	3.07%	4.54%	6.56%	4.39%	3.90%	3.59%	3.74%	2.40%
INDEX CYBER HORNET S&P 500	0.95%	1.04%	1.97%	1.56%	3.25%	1.81%	1.53%	1.61%	3.09%	1.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HRB and INDEX in my portfolio?

HRB and INDEX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HRB or INDEX?

HRB has higher volatility (13.01%) compared to INDEX (3.44%). In terms of maximum drawdown, HRB dropped -62.08% vs INDEX's -38.82%.

Which has better risk-adjusted returns?

INDEX currently has the higher Sharpe Ratio (1.43 vs -0.36), 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.