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PARA vs. IVV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PARA and IVV is 0.54, 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.


-0.50.00.51.00.5

Performance

PARA vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Paramount Global Class B (PARA) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%600.00%JulyAugustSeptemberOctoberNovemberDecember
-36.69%
573.15%
PARA
IVV

Key characteristics

Sharpe Ratio

PARA:

-0.59

IVV:

2.25

Sortino Ratio

PARA:

-0.67

IVV:

2.98

Omega Ratio

PARA:

0.92

IVV:

1.42

Calmar Ratio

PARA:

-0.33

IVV:

3.32

Martin Ratio

PARA:

-1.23

IVV:

14.68

Ulcer Index

PARA:

24.45%

IVV:

1.90%

Daily Std Dev

PARA:

51.16%

IVV:

12.43%

Max Drawdown

PARA:

-90.06%

IVV:

-55.25%

Current Drawdown

PARA:

-88.26%

IVV:

-2.52%

Returns By Period

In the year-to-date period, PARA achieves a -26.58% return, which is significantly lower than IVV's 25.92% return. Over the past 10 years, PARA has underperformed IVV with an annualized return of -13.50%, while IVV has yielded a comparatively higher 13.05% annualized return.


PARA

YTD

-26.58%

1M

1.21%

6M

6.00%

1Y

-27.95%

5Y*

-21.87%

10Y*

-13.50%

IVV

YTD

25.92%

1M

0.33%

6M

9.27%

1Y

26.64%

5Y*

14.77%

10Y*

13.05%

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Risk-Adjusted Performance

PARA vs. IVV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Paramount Global Class B (PARA) and iShares Core S&P 500 ETF (IVV). 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.


Sharpe ratio
The chart of Sharpe ratio for PARA, currently valued at -0.59, compared to the broader market-4.00-2.000.002.00-0.592.25
The chart of Sortino ratio for PARA, currently valued at -0.67, compared to the broader market-4.00-2.000.002.004.00-0.672.98
The chart of Omega ratio for PARA, currently valued at 0.92, compared to the broader market0.501.001.502.000.921.42
The chart of Calmar ratio for PARA, currently valued at -0.33, compared to the broader market0.002.004.006.00-0.333.32
The chart of Martin ratio for PARA, currently valued at -1.23, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.2314.68
PARA
IVV

The current PARA Sharpe Ratio is -0.59, which is lower than the IVV Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of PARA and IVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.59
2.25
PARA
IVV

Dividends

PARA vs. IVV - Dividend Comparison

PARA's dividend yield for the trailing twelve months is around 1.88%, more than IVV's 1.29% yield.


TTM20232022202120202019201820172016201520142013
PARA
Paramount Global Class B
1.88%2.64%5.69%3.18%2.58%1.86%1.65%1.22%1.04%1.27%0.98%0.75%
IVV
iShares Core S&P 500 ETF
1.29%1.44%1.66%1.20%1.57%1.99%2.21%1.75%2.01%2.27%1.83%1.80%

Drawdowns

PARA vs. IVV - Drawdown Comparison

The maximum PARA drawdown since its inception was -90.06%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PARA and IVV. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-88.26%
-2.52%
PARA
IVV

Volatility

PARA vs. IVV - Volatility Comparison

Paramount Global Class B (PARA) has a higher volatility of 10.23% compared to iShares Core S&P 500 ETF (IVV) at 3.75%. This indicates that PARA's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
10.23%
3.75%
PARA
IVV
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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