NVCR vs. GSG
Compare and contrast key facts about NovoCure Limited (NVCR) and iShares S&P GSCI Commodity-Indexed Trust (GSG).
GSG is a passively managed fund by iShares that tracks the performance of the S&P GSCI Total Return Index. It was launched on Jul 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVCR or GSG.
Key characteristics
| NVCR | GSG | |
|---|---|---|
| YTD Return | 36.10% | 9.47% |
| 1Y Return | -73.89% | 13.66% |
| 3Y Return (Ann) | -51.70% | 12.91% |
| 5Y Return (Ann) | -16.62% | 6.23% |
| Sharpe Ratio | -0.83 | 0.92 |
| Daily Std Dev | 87.57% | 16.74% |
| Max Drawdown | -95.07% | -89.62% |
| Current Drawdown | -90.99% | -70.91% |
Correlation
The correlation between NVCR and GSG is 0.11, 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
NVCR vs. GSG - Performance Comparison
In the year-to-date period, NVCR achieves a 36.10% return, which is significantly higher than GSG's 9.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NVCR vs. GSG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NovoCure Limited (NVCR) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
Dividends
NVCR vs. GSG - Dividend Comparison
Neither NVCR nor GSG has paid dividends to shareholders.
Drawdowns
NVCR vs. GSG - Drawdown Comparison
The maximum NVCR drawdown since its inception was -95.07%, which is greater than GSG's maximum drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for NVCR and GSG. For additional features, visit the drawdowns tool.
Volatility
NVCR vs. GSG - Volatility Comparison
NovoCure Limited (NVCR) has a higher volatility of 19.82% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 3.68%. This indicates that NVCR's price experiences larger fluctuations and is considered to be riskier than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.