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.
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
Key characteristics
NVCR:
0.24
GSG:
-0.42
NVCR:
1.11
GSG:
-0.49
NVCR:
1.13
GSG:
0.94
NVCR:
0.21
GSG:
-0.10
NVCR:
0.73
GSG:
-1.28
NVCR:
26.68%
GSG:
5.68%
NVCR:
81.92%
GSG:
17.29%
NVCR:
-95.07%
GSG:
-89.62%
NVCR:
-92.49%
GSG:
-71.99%
Returns By Period
In the year-to-date period, NVCR achieves a -43.12% return, which is significantly lower than GSG's -2.89% return.
NVCR
-43.12%
-16.46%
15.62%
13.91%
-24.76%
N/A
GSG
-2.89%
-3.34%
-2.17%
-6.79%
16.79%
0.62%
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Risk-Adjusted Performance
NVCR vs. GSG — Risk-Adjusted Performance Rank
NVCR
GSG
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 17.30% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 8.71%. 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.