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.
Key characteristics
| JKS | ^GSPC | |
|---|---|---|
| YTD Return | -30.89% | 6.17% |
| 1Y Return | -43.73% | 23.80% |
| 3Y Return (Ann) | -10.25% | 6.51% |
| 5Y Return (Ann) | 4.92% | 11.47% |
| 10Y Return (Ann) | -0.25% | 10.41% |
| Sharpe Ratio | -0.76 | 1.97 |
| Daily Std Dev | 56.90% | 11.66% |
| Max Drawdown | -94.84% | -56.78% |
| Current Drawdown | -69.52% | -3.62% |
Correlation
The correlation between JKS and ^GSPC is 0.37, 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
In the year-to-date period, JKS achieves a -30.89% return, which is significantly lower than ^GSPC's 6.17% return. Over the past 10 years, JKS has underperformed ^GSPC with an annualized return of -0.25%, while ^GSPC has yielded a comparatively higher 10.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 15.00% compared to S&P 500 (^GSPC) at 4.05%. 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.