OZEM vs. ^GSPC
Compare and contrast key facts about Roundhill Glp-1 & Weight Loss ETF (OZEM) and S&P 500 (^GSPC).
OZEM is an actively managed fund by Roundhill. It was launched on May 20, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OZEM or ^GSPC.
Correlation
The correlation between OZEM and ^GSPC is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OZEM vs. ^GSPC - Performance Comparison
Key characteristics
OZEM:
22.38%
^GSPC:
12.88%
OZEM:
-19.84%
^GSPC:
-56.78%
OZEM:
-10.66%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, OZEM achieves a 6.24% return, which is significantly higher than ^GSPC's 2.24% return.
OZEM
6.24%
8.40%
-10.01%
N/A
N/A
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
OZEM vs. ^GSPC — Risk-Adjusted Performance Rank
OZEM
^GSPC
OZEM vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Glp-1 & Weight Loss ETF (OZEM) 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.
Not enough dataDrawdowns
OZEM vs. ^GSPC - Drawdown Comparison
The maximum OZEM drawdown since its inception was -19.84%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for OZEM and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
OZEM vs. ^GSPC - Volatility Comparison
Roundhill Glp-1 & Weight Loss ETF (OZEM) has a higher volatility of 5.13% compared to S&P 500 (^GSPC) at 3.43%. This indicates that OZEM'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.