JKS vs. ^GSPC
Compare and contrast key facts about JinkoSolar Holding Co., Ltd. (JKS) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JKS or ^GSPC.
Correlation
The correlation between JKS and ^GSPC is 0.36, 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
JKS vs. ^GSPC - Performance Comparison
Key characteristics
JKS:
-0.05
^GSPC:
1.62
JKS:
0.47
^GSPC:
2.20
JKS:
1.06
^GSPC:
1.30
JKS:
-0.05
^GSPC:
2.46
JKS:
-0.16
^GSPC:
10.01
JKS:
25.29%
^GSPC:
2.08%
JKS:
75.02%
^GSPC:
12.88%
JKS:
-94.84%
^GSPC:
-56.78%
JKS:
-70.25%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, JKS achieves a -7.39% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, JKS has underperformed ^GSPC with an annualized return of 1.58%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
JKS
-7.39%
15.18%
22.40%
-4.84%
-0.87%
1.58%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
JKS vs. ^GSPC — Risk-Adjusted Performance Rank
JKS
^GSPC
JKS vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JinkoSolar Holding Co., Ltd. (JKS) 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
JKS vs. ^GSPC - Drawdown Comparison
The maximum JKS drawdown since its inception was -94.84%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for JKS and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
JKS vs. ^GSPC - Volatility Comparison
JinkoSolar Holding Co., Ltd. (JKS) has a higher volatility of 13.41% compared to S&P 500 (^GSPC) at 3.43%. This indicates that JKS's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.