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 11.97%/yr vs 15.17%/yr for ^SP500TR. Their 0.48 correlation means their historical movements had little consistent relationship.
Performance
PCTY vs. ^SP500TR - Performance Comparison
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Returns By Period
In the year-to-date period, PCTY achieves a -9.58% return, which is significantly lower than ^SP500TR's 10.14% return. Over the past 10 years, PCTY has underperformed ^SP500TR with an annualized return of 11.97%, while ^SP500TR has yielded a comparatively higher 15.17% annualized return.
PCTY
- 1D
- 0.87%
- 1M
- 23.86%
- 6M
- 2.16%
- YTD
- -9.58%
- 1Y
- -25.41%
- 3Y*
- -15.25%
- 5Y*
- -7.84%
- 10Y*
- 11.97%
- ALL TIME*
- 12.83%
^SP500TR
- 1D
- 0.71%
- 1M
- 0.15%
- 6M
- 8.56%
- YTD
- 10.14%
- 1Y
- 19.56%
- 3Y*
- 19.43%
- 5Y*
- 12.86%
- 10Y*
- 15.17%
- ALL TIME*
- 11.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^SP500TR S&P 500 Total Return | $0.00 | $0.00 | $0.00 |
| $87.48M | $88.57M | $88.49M |
PCTY vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCTY Paylocity Holding Corporation | -9.58% | -23.55% | 21.00% | -15.14% | -17.74% | 14.69% | 70.43% | 100.66% | 27.67% | 57.15% |
^SP500TR S&P 500 Total Return | 10.14% | 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 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2014 | 0.48 |
Over the past year, the correlation between PCTY and ^SP500TR has dropped to 0.06 - well below their long-term average of 0.48, 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 | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.27 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.21 | -2.73 |
| Martin ratioReturn relative to average drawdown | -0.81 | 9.49 | -10.31 |
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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 | -49.10% | -8.89% | -40.21% |
Max Drawdown (3Y)Largest decline over 3 years | -56.35% | -18.75% | -37.60% |
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 | -54.90% | -1.41% | -53.49% |
Average DrawdownAverage peak-to-trough decline | -23.88% | -8.14% | -15.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.26% | 2.07% | +29.19% |
Volatility
PCTY vs. ^SP500TR - Volatility Comparison
Paylocity Holding Corporation (PCTY) has a higher volatility of 14.31% compared to S&P 500 Total Return (^SP500TR) at 3.52%. 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 | 14.31% | 3.52% | +10.79% |
Volatility (6M)Calculated over the trailing 6-month period | 34.87% | 10.11% | +24.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.54% | 12.87% | +27.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.28% | 17.01% | +24.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.00% | 18.07% | +23.93% |
Frequently Asked Questions
PCTY and ^SP500TR have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCTY has higher volatility (14.31%) compared to ^SP500TR (3.52%). In terms of maximum drawdown, PCTY dropped -68.90% vs ^SP500TR's -55.25%.
^SP500TR currently has the higher Sharpe Ratio (1.53 vs -0.63), 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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