PXD vs. ^GSPC
Compare and contrast key facts about Pioneer Natural Resources Company (PXD) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PXD or ^GSPC.
Key characteristics
PXD | ^GSPC | |
---|---|---|
YTD Return | 21.21% | 8.76% |
1Y Return | 33.98% | 25.94% |
3Y Return (Ann) | 26.01% | 7.03% |
5Y Return (Ann) | 18.06% | 12.51% |
10Y Return (Ann) | 5.66% | 10.71% |
Sharpe Ratio | 1.57 | 2.19 |
Daily Std Dev | 22.39% | 11.57% |
Max Drawdown | -88.30% | -56.78% |
Current Drawdown | -2.14% | -1.27% |
Correlation
The correlation between PXD and ^GSPC is 0.35, 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
PXD vs. ^GSPC - Performance Comparison
In the year-to-date period, PXD achieves a 21.21% return, which is significantly higher than ^GSPC's 8.76% return. Over the past 10 years, PXD has underperformed ^GSPC with an annualized return of 5.66%, while ^GSPC has yielded a comparatively higher 10.71% annualized 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
PXD vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Natural Resources Company (PXD) 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
PXD vs. ^GSPC - Drawdown Comparison
The maximum PXD drawdown since its inception was -88.30%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PXD and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PXD vs. ^GSPC - Volatility Comparison
Pioneer Natural Resources Company (PXD) has a higher volatility of 4.41% compared to S&P 500 (^GSPC) at 4.08%. This indicates that PXD'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.