MHGVY vs. ^GSPC
Compare and contrast key facts about Mowi ASA ADR (MHGVY) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MHGVY or ^GSPC.
Correlation
The correlation between MHGVY and ^GSPC is 0.29, 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
MHGVY vs. ^GSPC - Performance Comparison
Key characteristics
MHGVY:
0.14
^GSPC:
1.62
MHGVY:
0.35
^GSPC:
2.20
MHGVY:
1.04
^GSPC:
1.30
MHGVY:
0.07
^GSPC:
2.46
MHGVY:
0.31
^GSPC:
10.01
MHGVY:
9.57%
^GSPC:
2.08%
MHGVY:
21.38%
^GSPC:
12.88%
MHGVY:
-56.79%
^GSPC:
-56.78%
MHGVY:
-27.04%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, MHGVY achieves a 12.43% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, MHGVY has underperformed ^GSPC with an annualized return of 9.21%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
MHGVY
12.43%
2.70%
9.63%
3.42%
-1.92%
9.21%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
MHGVY vs. ^GSPC — Risk-Adjusted Performance Rank
MHGVY
^GSPC
MHGVY vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mowi ASA ADR (MHGVY) 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
MHGVY vs. ^GSPC - Drawdown Comparison
The maximum MHGVY drawdown since its inception was -56.79%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MHGVY and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
MHGVY vs. ^GSPC - Volatility Comparison
Mowi ASA ADR (MHGVY) has a higher volatility of 8.21% compared to S&P 500 (^GSPC) at 3.43%. This indicates that MHGVY'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.