OLN vs. ^GSPC
OLN (Olin Corporation) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, OLN returned 1.95%/yr vs 13.70%/yr for ^GSPC. At a 0.47 correlation, their price movements are largely independent.
Performance
OLN vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, OLN achieves a 2.29% return, which is significantly lower than ^GSPC's 7.49% return. Over the past 10 years, OLN has underperformed ^GSPC with an annualized return of 1.95%, while ^GSPC has yielded a comparatively higher 13.70% annualized return.
OLN
- 1D
- -2.19%
- 1M
- -19.36%
- YTD
- 2.29%
- 6M
- 3.38%
- 1Y
- 6.58%
- 3Y*
- -22.30%
- 5Y*
- -12.97%
- 10Y*
- 1.95%
^GSPC
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
OLN vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OLN Olin Corporation | 2.29% | -36.15% | -36.29% | 3.46% | -6.63% | 138.55% | 50.81% | -10.77% | -41.88% | 42.51% |
^GSPC S&P 500 Index | 7.49% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between OLN and ^GSPC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1987 | 0.47 |
The correlation between OLN and ^GSPC shifts across timeframes, from 0.30 (1 year) to 0.48 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
OLN vs. ^GSPC — Risk / Return Rank
OLN
^GSPC
OLN vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Olin Corporation (OLN) and S&P 500 Index (^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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OLN | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.30 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 2.29 | -2.08 |
| Martin ratioReturn relative to average drawdown | 0.47 | 10.15 | -9.68 |
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Drawdowns
OLN vs. ^GSPC - Drawdown Comparison
The maximum OLN drawdown since its inception was -73.80%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for OLN and ^GSPC.
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Drawdown Indicators
| OLN | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -56.78% | -17.02% |
Max Drawdown (1Y)Largest decline over 1 year | -31.45% | -9.10% | -22.35% |
Max Drawdown (3Y)Largest decline over 3 years | -69.26% | -18.90% | -50.36% |
Max Drawdown (5Y)Largest decline over 5 years | -71.87% | -25.43% | -46.44% |
Max Drawdown (10Y)Largest decline over 10 years | -73.80% | -33.92% | -39.88% |
Current DrawdownCurrent decline from peak | -65.70% | -3.31% | -62.39% |
Average DrawdownAverage peak-to-trough decline | -25.00% | -10.71% | -14.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.16% | 2.05% | +12.11% |
Volatility
OLN vs. ^GSPC - Volatility Comparison
Olin Corporation (OLN) has a higher volatility of 10.91% compared to S&P 500 Index (^GSPC) at 4.87%. This indicates that OLN'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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Volatility by Period
| OLN | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 4.87% | +6.04% |
Volatility (6M)Calculated over the trailing 6-month period | 39.30% | 9.90% | +29.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.98% | 12.54% | +43.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 17.00% | +27.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.14% | 18.08% | +29.06% |
Frequently Asked Questions
OLN and ^GSPC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OLN has higher volatility (10.91%) compared to ^GSPC (4.87%). In terms of maximum drawdown, OLN dropped -73.80% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.67 vs 0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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