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:
2.15
^GSPC:
0.24
PNW:
2.93
^GSPC:
0.47
PNW:
1.37
^GSPC:
1.07
PNW:
2.27
^GSPC:
0.24
PNW:
8.63
^GSPC:
1.08
PNW:
4.46%
^GSPC:
4.25%
PNW:
17.85%
^GSPC:
19.00%
PNW:
-79.18%
^GSPC:
-56.78%
PNW:
-1.03%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, PNW achieves a 12.58% return, which is significantly higher than ^GSPC's -10.18% return. Over the past 10 years, PNW has underperformed ^GSPC with an annualized return of 8.35%, while ^GSPC has yielded a comparatively higher 9.70% annualized return.
PNW
12.58%
0.27%
9.69%
35.12%
8.11%
8.35%
^GSPC
-10.18%
-6.92%
-9.92%
5.42%
12.98%
9.70%
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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
The current volatility for Pinnacle West Capital Corporation (PNW) is 6.93%, while S&P 500 (^GSPC) has a volatility of 13.60%. This indicates that PNW experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.