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:
1.58
GSG:
0.38
NVCR:
2.78
GSG:
0.64
NVCR:
1.31
GSG:
1.07
NVCR:
1.46
GSG:
0.08
NVCR:
6.54
GSG:
1.10
NVCR:
21.17%
GSG:
5.36%
NVCR:
87.51%
GSG:
15.54%
NVCR:
-95.07%
GSG:
-89.62%
NVCR:
-86.35%
GSG:
-71.50%
Returns By Period
In the year-to-date period, NVCR achieves a 106.30% return, which is significantly higher than GSG's 7.23% return.
NVCR
106.30%
82.68%
61.51%
130.71%
-18.78%
N/A
GSG
7.23%
1.32%
-2.89%
5.39%
6.19%
-0.31%
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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 45.02% compared to iShares S&P GSCI Commodity-Indexed Trust (GSG) at 3.73%. 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.