PEX vs. ^GSPC
Compare and contrast key facts about ProShares Global Listed Private Equity ETF (PEX) and S&P 500 (^GSPC).
PEX is a passively managed fund by ProShares that tracks the performance of the LPX Direct Listed Private Equity Index. It was launched on Feb 26, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEX or ^GSPC.
Correlation
The correlation between PEX and ^GSPC is 0.60, 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
PEX vs. ^GSPC - Performance Comparison
Key characteristics
PEX:
0.24
^GSPC:
0.46
PEX:
0.46
^GSPC:
0.77
PEX:
1.07
^GSPC:
1.11
PEX:
0.23
^GSPC:
0.47
PEX:
1.07
^GSPC:
1.94
PEX:
4.00%
^GSPC:
4.61%
PEX:
17.54%
^GSPC:
19.44%
PEX:
-49.17%
^GSPC:
-56.78%
PEX:
-7.17%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, PEX achieves a -1.39% return, which is significantly higher than ^GSPC's -6.06% return. Over the past 10 years, PEX has underperformed ^GSPC with an annualized return of 6.01%, while ^GSPC has yielded a comparatively higher 10.11% annualized return.
PEX
-1.39%
-1.91%
1.29%
5.26%
14.42%
6.01%
^GSPC
-6.06%
-3.27%
-4.87%
9.44%
14.30%
10.11%
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Risk-Adjusted Performance
PEX vs. ^GSPC — Risk-Adjusted Performance Rank
PEX
^GSPC
PEX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Global Listed Private Equity ETF (PEX) 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.
Drawdowns
PEX vs. ^GSPC - Drawdown Comparison
The maximum PEX drawdown since its inception was -49.17%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PEX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PEX vs. ^GSPC - Volatility Comparison
The current volatility for ProShares Global Listed Private Equity ETF (PEX) is 12.82%, while S&P 500 (^GSPC) has a volatility of 14.23%. This indicates that PEX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.