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 1.19%/yr vs 13.71%/yr for ^GSPC. At a 0.36 correlation, their price movements are largely independent.
Performance
JKS vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, JKS achieves a -27.32% return, which is significantly lower than ^GSPC's 7.60% return. Over the past 10 years, JKS has underperformed ^GSPC with an annualized return of 1.19%, while ^GSPC has yielded a comparatively higher 13.71% annualized return.
JKS
- 1D
- -3.67%
- 1M
- -17.98%
- YTD
- -27.32%
- 6M
- -30.75%
- 1Y
- -1.09%
- 3Y*
- -18.80%
- 5Y*
- -9.85%
- 10Y*
- 1.19%
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
JKS vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JKS JinkoSolar Holding Co., Ltd. | -27.32% | 10.30% | -27.15% | -5.56% | -11.05% | -25.72% | 175.10% | 127.40% | -58.88% | 57.91% |
^GSPC S&P 500 Index | 7.60% | 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 0.33, 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 | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.32 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.46 | -2.48 |
| Martin ratioReturn relative to average drawdown | -0.07 | 10.92 | -10.98 |
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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 | -42.90% | -9.10% | -33.80% |
Max Drawdown (3Y)Largest decline over 3 years | -65.85% | -18.90% | -46.95% |
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 | -74.25% | -3.21% | -71.04% |
Average DrawdownAverage peak-to-trough decline | -51.93% | -10.71% | -41.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.60% | 2.04% | +14.56% |
Volatility
JKS vs. ^GSPC - Volatility Comparison
JinkoSolar Holding Co., Ltd. (JKS) has a higher volatility of 18.45% compared to S&P 500 Index (^GSPC) at 4.89%. 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 | 18.45% | 4.89% | +13.56% |
Volatility (6M)Calculated over the trailing 6-month period | 43.99% | 9.93% | +34.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.00% | 12.57% | +49.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.42% | 17.00% | +53.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.95% | 18.08% | +52.87% |
Frequently Asked Questions
JKS and ^GSPC 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.
JKS has higher volatility (18.45%) compared to ^GSPC (4.89%). In terms of maximum drawdown, JKS dropped -94.84% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.78 vs -0.02), 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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