PINE vs. ^GSPC
PINE (Alpine Income Property Trust, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, PINE returned 7.31%/yr vs 11.99%/yr for ^GSPC. At a 0.32 correlation, their price movements are largely independent.
Performance
PINE vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, PINE achieves a 18.79% return, which is significantly higher than ^GSPC's 9.16% return.
PINE
- 1D
- 0.68%
- 1M
- 1.35%
- YTD
- 18.79%
- 6M
- 20.67%
- 1Y
- 37.15%
- 3Y*
- 15.63%
- 5Y*
- 7.31%
- 10Y*
- —
^GSPC
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PINE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PINE Alpine Income Property Trust, Inc. | 18.79% | 6.97% | 6.13% | -5.46% | 0.95% | 41.19% | -15.69% | 0.47% |
^GSPC S&P 500 Index | 9.16% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 4.10% |
Correlation
The correlation between PINE and ^GSPC is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2019 | 0.32 |
Over the past year, the correlation between PINE and ^GSPC has dropped to 0.05 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
PINE vs. ^GSPC — Risk / Return Rank
PINE
^GSPC
PINE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpine Income Property Trust, Inc. (PINE) and S&P 500 Index (^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.
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.
| PINE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.78 | +0.05 |
| Martin ratioReturn relative to average drawdown | 7.35 | 12.44 | -5.09 |
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Drawdowns
PINE vs. ^GSPC - Drawdown Comparison
The maximum PINE drawdown since its inception was -60.00%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PINE and ^GSPC.
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Drawdown Indicators
| PINE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.00% | -56.78% | -3.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -9.10% | -4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -18.90% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -25.43% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.42% | -1.80% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -10.71% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 2.03% | +3.04% |
Volatility
PINE vs. ^GSPC - Volatility Comparison
Alpine Income Property Trust, Inc. (PINE) has a higher volatility of 7.82% compared to S&P 500 Index (^GSPC) at 4.67%. This indicates that PINE'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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Volatility by Period
| PINE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 4.67% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 16.95% | 9.84% | +7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.40% | 12.50% | +9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.43% | 16.99% | +6.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.15% | 18.11% | +21.04% |
Frequently Asked Questions
PINE and ^GSPC have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PINE has higher volatility (7.82%) compared to ^GSPC (4.67%). In terms of maximum drawdown, PINE dropped -60.00% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.03 vs 1.67), 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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