PCTY vs. ^SP500TR
PCTY (Paylocity Holding Corporation) is a stock, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, PCTY returned 10.22%/yr vs 15.33%/yr for ^SP500TR. At a 0.49 correlation, their price movements are largely independent.
Performance
PCTY vs. ^SP500TR - Performance Comparison
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Returns By Period
In the year-to-date period, PCTY achieves a -22.30% return, which is significantly lower than ^SP500TR's 11.36% return. Over the past 10 years, PCTY has underperformed ^SP500TR with an annualized return of 10.22%, while ^SP500TR has yielded a comparatively higher 15.33% annualized return.
PCTY
- 1D
- 1.61%
- 1M
- 9.49%
- 6M
- -21.20%
- YTD
- -22.30%
- 1Y
- -33.11%
- 3Y*
- -16.51%
- 5Y*
- -9.58%
- 10Y*
- 10.22%
^SP500TR
- 1D
- 0.43%
- 1M
- 2.54%
- 6M
- 9.39%
- YTD
- 11.36%
- 1Y
- 22.48%
- 3Y*
- 21.12%
- 5Y*
- 13.25%
- 10Y*
- 15.33%
PCTY vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCTY Paylocity Holding Corporation | -22.30% | -23.55% | 21.00% | -15.14% | -17.74% | 14.69% | 70.43% | 100.66% | 27.67% | 57.15% |
^SP500TR S&P 500 Total Return | 11.36% | 17.88% | 25.02% | 26.29% | -18.11% | 28.71% | 18.40% | 31.49% | -4.38% | 21.83% |
Correlation
The correlation between PCTY and ^SP500TR is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2014 | 0.49 |
Over the past year, the correlation between PCTY and ^SP500TR has dropped to 0.12 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
PCTY vs. ^SP500TR — Risk / Return Rank
PCTY
^SP500TR
PCTY vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paylocity Holding Corporation (PCTY) and S&P 500 Total Return (^SP500TR). 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.
| PCTY | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.32 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.49 | -3.20 |
| Martin ratioReturn relative to average drawdown | -1.12 | 10.95 | -12.07 |
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Drawdowns
PCTY vs. ^SP500TR - Drawdown Comparison
The maximum PCTY drawdown since its inception was -68.90%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PCTY and ^SP500TR.
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Drawdown Indicators
| PCTY | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.90% | -55.25% | -13.65% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -8.89% | -41.15% |
Max Drawdown (3Y)Largest decline over 3 years | -58.08% | -18.75% | -39.33% |
Max Drawdown (5Y)Largest decline over 5 years | -68.90% | -24.49% | -44.41% |
Max Drawdown (10Y)Largest decline over 10 years | -68.90% | -33.79% | -35.11% |
Current DrawdownCurrent decline from peak | -61.24% | -0.32% | -60.92% |
Average DrawdownAverage peak-to-trough decline | -23.72% | -8.15% | -15.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.38% | 2.02% | +29.36% |
Volatility
PCTY vs. ^SP500TR - Volatility Comparison
Paylocity Holding Corporation (PCTY) has a higher volatility of 13.58% compared to S&P 500 Total Return (^SP500TR) at 4.26%. This indicates that PCTY's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCTY | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.58% | 4.26% | +9.32% |
Volatility (6M)Calculated over the trailing 6-month period | 33.79% | 9.96% | +23.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.89% | 12.52% | +26.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.97% | 17.00% | +23.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.82% | 18.05% | +23.77% |
Frequently Asked Questions
PCTY and ^SP500TR have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCTY has higher volatility (13.58%) compared to ^SP500TR (4.26%). In terms of maximum drawdown, PCTY dropped -68.90% vs ^SP500TR's -55.25%.
^SP500TR currently has the higher Sharpe Ratio (1.77 vs -0.91), 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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