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:
1.39
^GSPC:
2.10
PNW:
2.01
^GSPC:
2.80
PNW:
1.25
^GSPC:
1.39
PNW:
1.10
^GSPC:
3.09
PNW:
6.75
^GSPC:
13.49
PNW:
3.81%
^GSPC:
1.94%
PNW:
18.42%
^GSPC:
12.52%
PNW:
-79.18%
^GSPC:
-56.78%
PNW:
-10.11%
^GSPC:
-2.62%
Returns By Period
The year-to-date returns for both investments are quite close, with PNW having a 23.73% return and ^GSPC slightly higher at 24.34%. Over the past 10 years, PNW has underperformed ^GSPC with an annualized return of 6.32%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
PNW
23.73%
-7.44%
16.27%
25.53%
3.25%
6.32%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
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 5.08% compared to S&P 500 (^GSPC) at 3.79%. 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.