LI vs. ^GSPC

Last updated Jun 13, 2026

LI (Li Auto Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, LI returned -12.64%/yr vs 11.84%/yr for ^GSPC. At a 0.28 correlation, their price movements are largely independent.

Performance

LI vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Li Auto Inc. (LI) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LI achieves a -15.53% return, which is significantly lower than ^GSPC's 8.56% return.

LI

• 1D: 3.77%
• 1M: -28.57%
• YTD: -15.53%
• 6M: -16.28%
• 1Y: -50.47%
• 3Y*: -23.14%
• 5Y*: -12.64%
• 10Y*: —

^GSPC

• 1D: 0.50%
• 1M: -0.17%
• YTD: 8.56%
• 6M: 8.85%
• 1Y: 22.93%
• 3Y*: 19.37%
• 5Y*: 11.84%
• 10Y*: 13.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LI vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LI Li Auto Inc.	-15.53%	-29.43%	-35.91%	83.48%	-36.45%	11.34%	86.00%
^GSPC S&P 500 Index	8.56%	16.39%	23.31%	24.23%	-19.44%	26.89%	15.27%

Correlation

The correlation between LI and ^GSPC is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020	0.28

Return for Risk

LI vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LI

LI Risk / Return Rank: 5
LI Sharpe Ratio Rank: 2
LI Sortino Ratio Rank: 2
LI Omega Ratio Rank: 4
LI Calmar Ratio Rank: 7
LI Martin Ratio Rank: 11

^GSPC

^GSPC Risk / Return Rank: 73
^GSPC Sharpe Ratio Rank: 72
^GSPC Sortino Ratio Rank: 69
^GSPC Omega Ratio Rank: 77
^GSPC Calmar Ratio Rank: 66
^GSPC Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LI vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Li Auto Inc. (LI) 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.

	LI	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	-1.26	1.86	-3.12
Sortino ratio: Return per unit of downside risk	-2.08	2.53	-4.61
Omega ratio: Gain probability vs. loss probability	0.78	1.34	-0.56
Calmar ratio: Return relative to maximum drawdown	-0.89	2.53	-3.42
Martin ratio: Return relative to average drawdown	-1.35	11.37	-12.72

LI vs. ^GSPC - Sharpe Ratio Comparison

The current LI Sharpe Ratio is -1.26, which is lower than the ^GSPC Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of LI and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LI vs. ^GSPC - Drawdown Comparison

The maximum LI drawdown since its inception was -70.65%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for LI and ^GSPC.

Drawdown Indicators

	LI	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-70.65%	-56.78%	-13.87%
Max Drawdown (1Y) Largest decline over 1 year	-56.95%	-9.10%	-47.85%
Max Drawdown (3Y) Largest decline over 3 years	-70.65%	-18.90%	-51.75%
Max Drawdown (5Y) Largest decline over 5 years	-70.65%	-25.43%	-45.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-69.35%	-2.34%	-67.01%
Average Drawdown Average peak-to-trough decline	-39.93%	-10.72%	-29.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.41%	2.02%	+35.39%

Volatility

LI vs. ^GSPC - Volatility Comparison

Li Auto Inc. (LI) has a higher volatility of 15.12% compared to S&P 500 Index (^GSPC) at 4.43%. This indicates that LI'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.

Volatility by Period

	LI	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.12%	4.43%	+10.69%
Volatility (6M) Calculated over the trailing 6-month period	28.81%	9.70%	+19.11%
Volatility (1Y) Calculated over the trailing 1-year period	40.30%	12.38%	+27.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.52%	16.97%	+46.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.32%	18.09%	+50.23%

Frequently Asked Questions

Can I hold both LI and ^GSPC in my portfolio?

LI and ^GSPC have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LI or ^GSPC?

LI has higher volatility (15.12%) compared to ^GSPC (4.43%). In terms of maximum drawdown, LI dropped -70.65% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (1.86 vs -1.26), 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.