Correlation
The correlation between LNVGY and ^GSPC is 0.28, 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.
LNVGY vs. ^GSPC
Compare and contrast key facts about Lenovo Group Limited (LNVGY) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LNVGY or ^GSPC.
Performance
LNVGY vs. ^GSPC - Performance Comparison
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Key characteristics
LNVGY:
-0.26
^GSPC:
0.52
LNVGY:
0.25
^GSPC:
0.78
LNVGY:
1.03
^GSPC:
1.11
LNVGY:
-0.09
^GSPC:
0.48
LNVGY:
-0.21
^GSPC:
1.81
LNVGY:
18.46%
^GSPC:
4.99%
LNVGY:
48.82%
^GSPC:
19.70%
LNVGY:
-84.28%
^GSPC:
-56.78%
LNVGY:
-30.38%
^GSPC:
-5.56%
Returns By Period
In the year-to-date period, LNVGY achieves a -6.29% return, which is significantly lower than ^GSPC's -1.34% return. Over the past 10 years, LNVGY has underperformed ^GSPC with an annualized return of 2.12%, while ^GSPC has yielded a comparatively higher 10.68% annualized return.
LNVGY
-6.29%
7.29%
4.27%
-11.92%
14.06%
24.13%
2.12%
^GSPC
-1.34%
5.80%
-2.79%
9.39%
13.76%
14.45%
10.68%
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Risk-Adjusted Performance
LNVGY vs. ^GSPC — Risk-Adjusted Performance Rank
LNVGY
^GSPC
LNVGY vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lenovo Group Limited (LNVGY) 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.
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Drawdowns
LNVGY vs. ^GSPC - Drawdown Comparison
The maximum LNVGY drawdown since its inception was -84.28%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for LNVGY and ^GSPC.
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Volatility
LNVGY vs. ^GSPC - Volatility Comparison
Lenovo Group Limited (LNVGY) has a higher volatility of 12.61% compared to S&P 500 (^GSPC) at 4.37%. This indicates that LNVGY'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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