JKS vs. ^GSPC
JKS (JinkoSolar Holding Co., Ltd.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, JKS returned 0.83%/yr vs 13.49%/yr for ^GSPC. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
JKS vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, JKS achieves a -32.90% return, which is significantly lower than ^GSPC's 13.02% return. Over the past 10 years, JKS has underperformed ^GSPC with an annualized return of 0.83%, while ^GSPC has yielded a comparatively higher 13.49% annualized return.
JKS
- 1D
- 1.52%
- 1M
- 0.88%
- 6M
- -31.85%
- YTD
- -32.90%
- 1Y
- -18.70%
- 3Y*
- -18.35%
- 5Y*
- -17.86%
- 10Y*
- 0.83%
- ALL TIME*
- 4.01%
^GSPC
- 1D
- 1.79%
- 1M
- 3.38%
- 6M
- 11.83%
- YTD
- 13.02%
- 1Y
- 22.22%
- 3Y*
- 19.99%
- 5Y*
- 11.80%
- 10Y*
- 13.49%
- ALL TIME*
- 8.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $38.53T | $37.79T | $41.47T |
| $10.13M | $10.61M | $15.36M |
JKS vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JKS JinkoSolar Holding Co., Ltd. | -32.90% | 10.30% | -27.15% | -5.56% | -11.05% | -25.72% | 175.10% | 127.40% | -58.88% | 57.91% |
^GSPC S&P 500 Index | 13.02% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between JKS and ^GSPC is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 14, 2010 | 0.36 |
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Return for Risk
JKS vs. ^GSPC — Risk / Return Rank
JKS
^GSPC
JKS vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JinkoSolar Holding Co., Ltd. (JKS) and S&P 500 Index (^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.
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.
| JKS | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.31 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.45 | -2.84 |
| Martin ratioReturn relative to average drawdown | -0.85 | 10.40 | -11.25 |
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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.
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Drawdown Indicators
| JKS | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.84% | -56.78% | -38.06% |
Max Drawdown (1Y)Largest decline over 1 year | -48.33% | -9.10% | -39.23% |
Max Drawdown (3Y)Largest decline over 3 years | -59.91% | -18.90% | -41.01% |
Max Drawdown (5Y)Largest decline over 5 years | -79.24% | -25.43% | -53.81% |
Max Drawdown (10Y)Largest decline over 10 years | -82.09% | -33.92% | -48.17% |
Current DrawdownCurrent decline from peak | -76.23% | 0.00% | -76.23% |
Average DrawdownAverage peak-to-trough decline | -52.11% | -10.70% | -41.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.09% | 2.14% | +19.95% |
Volatility
JKS vs. ^GSPC - Volatility Comparison
JinkoSolar Holding Co., Ltd. (JKS) has a higher volatility of 12.50% compared to S&P 500 Index (^GSPC) at 4.12%. 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.
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Volatility by Period
| JKS | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.50% | 4.12% | +8.38% |
Volatility (6M)Calculated over the trailing 6-month period | 40.72% | 10.33% | +30.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.75% | 12.95% | +47.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.95% | 17.04% | +50.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.02% | 18.09% | +52.93% |
Frequently Asked Questions
JKS and ^GSPC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JKS has higher volatility (12.50%) compared to ^GSPC (4.12%). In terms of maximum drawdown, JKS dropped -94.84% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.73 vs -0.31), 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.
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