Correlation
The correlation between ODD and ^GSPC is 0.34, 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.
ODD vs. ^GSPC
Compare and contrast key facts about ODDITY Tech Ltd. Class A Ordinary Shares (ODD) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ODD or ^GSPC.
Performance
ODD vs. ^GSPC - Performance Comparison
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Key characteristics
ODD:
1.71
^GSPC:
0.66
ODD:
2.63
^GSPC:
0.94
ODD:
1.33
^GSPC:
1.14
ODD:
2.59
^GSPC:
0.60
ODD:
9.06
^GSPC:
2.28
ODD:
11.58%
^GSPC:
5.01%
ODD:
62.63%
^GSPC:
19.77%
ODD:
-53.92%
^GSPC:
-56.78%
ODD:
0.00%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, ODD achieves a 77.13% return, which is significantly higher than ^GSPC's 0.51% return.
ODD
77.13%
16.50%
60.20%
107.27%
N/A
N/A
N/A
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
ODD vs. ^GSPC — Risk-Adjusted Performance Rank
ODD
^GSPC
ODD vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ODDITY Tech Ltd. Class A Ordinary Shares (ODD) 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
ODD vs. ^GSPC - Drawdown Comparison
The maximum ODD drawdown since its inception was -53.92%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ODD and ^GSPC.
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Volatility
ODD vs. ^GSPC - Volatility Comparison
ODDITY Tech Ltd. Class A Ordinary Shares (ODD) has a higher volatility of 18.90% compared to S&P 500 (^GSPC) at 4.77%. This indicates that ODD'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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