IMPAX vs. ^GSPC
Compare and contrast key facts about ERShares US Small Cap™ (IMPAX) and S&P 500 (^GSPC).
IMPAX is managed by EntrepreneurShares. It was launched on Dec 17, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMPAX or ^GSPC.
Correlation
The correlation between IMPAX and ^GSPC is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IMPAX vs. ^GSPC - Performance Comparison
Key characteristics
Returns By Period
IMPAX
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
IMPAX vs. ^GSPC — Risk-Adjusted Performance Rank
IMPAX
^GSPC
IMPAX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ERShares US Small Cap™ (IMPAX) 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
IMPAX vs. ^GSPC - Drawdown Comparison
Volatility
IMPAX vs. ^GSPC - Volatility Comparison
The current volatility for ERShares US Small Cap™ (IMPAX) is 0.00%, while S&P 500 (^GSPC) has a volatility of 3.43%. This indicates that IMPAX 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.