POU.TO vs. ^GSPTSE
Compare and contrast key facts about Paramount Resources Ltd. (POU.TO) and S&P TSX Composite Index (Canada) (^GSPTSE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POU.TO or ^GSPTSE.
Correlation
The correlation between POU.TO and ^GSPTSE is 0.42, 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
POU.TO vs. ^GSPTSE - Performance Comparison
Key characteristics
POU.TO:
0.88
^GSPTSE:
2.17
POU.TO:
1.46
^GSPTSE:
2.99
POU.TO:
1.20
^GSPTSE:
1.39
POU.TO:
0.55
^GSPTSE:
4.13
POU.TO:
2.78
^GSPTSE:
12.49
POU.TO:
10.25%
^GSPTSE:
1.76%
POU.TO:
32.47%
^GSPTSE:
10.14%
POU.TO:
-98.41%
^GSPTSE:
-49.99%
POU.TO:
-36.60%
^GSPTSE:
-1.26%
Returns By Period
In the year-to-date period, POU.TO achieves a 0.27% return, which is significantly lower than ^GSPTSE's 3.05% return. Over the past 10 years, POU.TO has underperformed ^GSPTSE with an annualized return of 1.93%, while ^GSPTSE has yielded a comparatively higher 5.27% annualized return.
POU.TO
0.27%
3.59%
14.77%
23.96%
49.69%
1.93%
^GSPTSE
3.05%
2.80%
10.53%
20.08%
7.41%
5.27%
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
POU.TO vs. ^GSPTSE — Risk-Adjusted Performance Rank
POU.TO
^GSPTSE
POU.TO vs. ^GSPTSE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Paramount Resources Ltd. (POU.TO) and S&P TSX Composite Index (Canada) (^GSPTSE). 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
POU.TO vs. ^GSPTSE - Drawdown Comparison
The maximum POU.TO drawdown since its inception was -98.41%, which is greater than ^GSPTSE's maximum drawdown of -49.99%. Use the drawdown chart below to compare losses from any high point for POU.TO and ^GSPTSE. For additional features, visit the drawdowns tool.
Volatility
POU.TO vs. ^GSPTSE - Volatility Comparison
Paramount Resources Ltd. (POU.TO) has a higher volatility of 8.27% compared to S&P TSX Composite Index (Canada) (^GSPTSE) at 3.43%. This indicates that POU.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPTSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.