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.
Key characteristics
| PINK | ^GSPC | |
|---|---|---|
| YTD Return | 17.75% | 25.70% |
| 1Y Return | 36.13% | 37.91% |
| 3Y Return (Ann) | 7.32% | 8.59% |
| Sharpe Ratio | 2.35 | 2.97 |
| Sortino Ratio | 3.28 | 3.97 |
| Omega Ratio | 1.42 | 1.56 |
| Calmar Ratio | 2.15 | 3.93 |
| Martin Ratio | 13.17 | 19.39 |
| Ulcer Index | 2.46% | 1.90% |
| Daily Std Dev | 13.73% | 12.38% |
| Max Drawdown | -18.45% | -56.78% |
| Current Drawdown | -3.31% | 0.00% |
Correlation
The correlation between PINK and ^GSPC is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PINK vs. ^GSPC - Performance Comparison
In the year-to-date period, PINK achieves a 17.75% return, which is significantly lower than ^GSPC's 25.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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) and S&P 500 (^GSPC) have volatilities of 4.03% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.