PINK vs. ^GSPC
Compare and contrast key facts about Simplify Health Care ETF (PINK) and S&P 500 (^GSPC).
PINK is an actively managed fund by Simplify. It was launched on Oct 7, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PINK or ^GSPC.
Correlation
The correlation between PINK and ^GSPC is 0.70, 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
PINK vs. ^GSPC - Performance Comparison
Key characteristics
PINK:
0.17
^GSPC:
1.83
PINK:
0.34
^GSPC:
2.47
PINK:
1.04
^GSPC:
1.33
PINK:
0.23
^GSPC:
2.76
PINK:
0.53
^GSPC:
11.27
PINK:
4.82%
^GSPC:
2.08%
PINK:
14.84%
^GSPC:
12.79%
PINK:
-18.45%
^GSPC:
-56.78%
PINK:
-9.95%
^GSPC:
-0.07%
Returns By Period
In the year-to-date period, PINK achieves a 0.78% return, which is significantly lower than ^GSPC's 3.96% return.
PINK
0.78%
-0.17%
-7.13%
0.96%
N/A
N/A
^GSPC
3.96%
2.77%
10.09%
21.57%
12.62%
11.30%
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Risk-Adjusted Performance
PINK vs. ^GSPC — Risk-Adjusted Performance Rank
PINK
^GSPC
PINK vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Health Care ETF (PINK) 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
PINK vs. ^GSPC - Drawdown Comparison
The maximum PINK drawdown since its inception was -18.45%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PINK and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PINK vs. ^GSPC - Volatility Comparison
Simplify Health Care ETF (PINK) has a higher volatility of 4.47% compared to S&P 500 (^GSPC) at 3.21%. This indicates that PINK'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.