PNW vs. ^GSPC
Compare and contrast key facts about Pinnacle West Capital Corporation (PNW) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNW or ^GSPC.
Correlation
The correlation between PNW and ^GSPC is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PNW vs. ^GSPC - Performance Comparison
Key characteristics
PNW:
2.17
^GSPC:
1.62
PNW:
2.99
^GSPC:
2.20
PNW:
1.38
^GSPC:
1.30
PNW:
1.68
^GSPC:
2.46
PNW:
8.68
^GSPC:
10.01
PNW:
4.42%
^GSPC:
2.08%
PNW:
17.67%
^GSPC:
12.88%
PNW:
-79.18%
^GSPC:
-56.78%
PNW:
-2.10%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, PNW achieves a 9.16% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, PNW has underperformed ^GSPC with an annualized return of 7.48%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
PNW
9.16%
7.65%
7.41%
36.17%
1.99%
7.48%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
PNW vs. ^GSPC — Risk-Adjusted Performance Rank
PNW
^GSPC
PNW vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinnacle West Capital Corporation (PNW) 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
PNW vs. ^GSPC - Drawdown Comparison
The maximum PNW drawdown since its inception was -79.18%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PNW and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PNW vs. ^GSPC - Volatility Comparison
Pinnacle West Capital Corporation (PNW) has a higher volatility of 3.96% compared to S&P 500 (^GSPC) at 3.43%. This indicates that PNW'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.