KRNY vs. ^GSPC
Compare and contrast key facts about Kearny Financial Corp. (KRNY) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KRNY or ^GSPC.
Correlation
The correlation between KRNY and ^GSPC is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
KRNY vs. ^GSPC - Performance Comparison
Key characteristics
KRNY:
0.47
^GSPC:
1.83
KRNY:
1.05
^GSPC:
2.47
KRNY:
1.12
^GSPC:
1.33
KRNY:
0.36
^GSPC:
2.76
KRNY:
1.72
^GSPC:
11.27
KRNY:
11.86%
^GSPC:
2.08%
KRNY:
43.20%
^GSPC:
12.79%
KRNY:
-57.41%
^GSPC:
-56.78%
KRNY:
-39.42%
^GSPC:
-0.07%
Returns By Period
In the year-to-date period, KRNY achieves a 2.91% return, which is significantly lower than ^GSPC's 3.96% return. Over the past 10 years, KRNY has underperformed ^GSPC with an annualized return of 0.09%, while ^GSPC has yielded a comparatively higher 11.26% annualized return.
KRNY
2.91%
0.78%
13.85%
13.81%
-5.34%
0.09%
^GSPC
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
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Risk-Adjusted Performance
KRNY vs. ^GSPC — Risk-Adjusted Performance Rank
KRNY
^GSPC
KRNY vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kearny Financial Corp. (KRNY) 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
KRNY vs. ^GSPC - Drawdown Comparison
The maximum KRNY drawdown since its inception was -57.41%, 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. For additional features, visit the drawdowns tool.
Volatility
KRNY vs. ^GSPC - Volatility Comparison
Kearny Financial Corp. (KRNY) has a higher volatility of 9.71% compared to S&P 500 (^GSPC) at 3.21%. 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.