Correlation
The correlation between PHIN and ^GSPC is 0.40, 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.
PHIN vs. ^GSPC
Compare and contrast key facts about PHINIA Inc. (PHIN) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHIN or ^GSPC.
Performance
PHIN vs. ^GSPC - Performance Comparison
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Key characteristics
PHIN:
-0.04
^GSPC:
0.66
PHIN:
0.16
^GSPC:
0.94
PHIN:
1.02
^GSPC:
1.14
PHIN:
-0.10
^GSPC:
0.60
PHIN:
-0.22
^GSPC:
2.28
PHIN:
14.48%
^GSPC:
5.01%
PHIN:
39.02%
^GSPC:
19.77%
PHIN:
-34.71%
^GSPC:
-56.78%
PHIN:
-22.58%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, PHIN achieves a -9.41% return, which is significantly lower than ^GSPC's 0.51% return.
PHIN
-9.41%
7.35%
-22.18%
-1.53%
N/A
N/A
N/A
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
PHIN vs. ^GSPC — Risk-Adjusted Performance Rank
PHIN
^GSPC
PHIN vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PHINIA Inc. (PHIN) 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.
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Drawdowns
PHIN vs. ^GSPC - Drawdown Comparison
The maximum PHIN drawdown since its inception was -34.71%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PHIN and ^GSPC.
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Volatility
PHIN vs. ^GSPC - Volatility Comparison
PHINIA Inc. (PHIN) has a higher volatility of 8.71% compared to S&P 500 (^GSPC) at 4.77%. This indicates that PHIN'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.
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