KRNY vs. ^GSPC
KRNY (Kearny Financial Corp.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, KRNY returned 0.90%/yr vs 13.26%/yr for ^GSPC. Their 0.48 correlation means their historical movements had little consistent relationship.
Performance
KRNY vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, KRNY achieves a 32.97% return, which is significantly higher than ^GSPC's 9.41% return. Over the past 10 years, KRNY has underperformed ^GSPC with an annualized return of 0.90%, while ^GSPC has yielded a comparatively higher 13.26% annualized return.
KRNY
- 1D
- -0.42%
- 1M
- 2.35%
- 6M
- 26.48%
- YTD
- 32.97%
- 1Y
- 74.63%
- 3Y*
- 11.18%
- 5Y*
- 0.92%
- 10Y*
- 0.90%
- ALL TIME*
- 3.11%
^GSPC
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $37.98T | $37.61T | $41.48T |
| $5.07M | $4.95M | $4.49M |
KRNY vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KRNY Kearny Financial Corp. | 32.97% | 12.04% | -15.46% | -6.75% | -20.36% | 29.45% | -20.94% | 9.90% | -9.18% | -5.57% |
^GSPC S&P 500 Index | 9.41% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between KRNY and ^GSPC is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2005 | 0.48 |
Over the past year, the correlation between KRNY and ^GSPC has dropped to 0.24 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
KRNY vs. ^GSPC — Risk / Return Rank
KRNY
^GSPC
KRNY vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kearny Financial Corp. (KRNY) 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.
| KRNY | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 2.00 | +3.01 |
| Martin ratioReturn relative to average drawdown | 17.15 | 8.49 | +8.66 |
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Drawdowns
KRNY vs. ^GSPC - Drawdown Comparison
The maximum KRNY drawdown since its inception was -57.42%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for KRNY and ^GSPC.
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Drawdown Indicators
| KRNY | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.42% | -56.78% | -0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -9.10% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -41.45% | -18.90% | -22.55% |
Max Drawdown (5Y)Largest decline over 5 years | -56.52% | -25.43% | -31.09% |
Max Drawdown (10Y)Largest decline over 10 years | -57.42% | -33.92% | -23.50% |
Current DrawdownCurrent decline from peak | -12.31% | -1.58% | -10.73% |
Average DrawdownAverage peak-to-trough decline | -23.62% | -10.70% | -12.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 2.14% | +2.09% |
Volatility
KRNY vs. ^GSPC - Volatility Comparison
Kearny Financial Corp. (KRNY) has a higher volatility of 7.91% compared to S&P 500 Index (^GSPC) at 3.51%. This indicates that KRNY'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
| KRNY | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.91% | 3.51% | +4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 18.81% | 10.11% | +8.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.28% | 12.87% | +15.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.93% | 17.01% | +16.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.66% | 18.07% | +13.59% |
Frequently Asked Questions
KRNY and ^GSPC have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRNY has higher volatility (7.91%) compared to ^GSPC (3.51%). In terms of maximum drawdown, KRNY dropped -57.42% vs ^GSPC's -56.78%.
KRNY currently has the higher Sharpe Ratio (2.57 vs 1.42), 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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