Q vs. ^GSPC
Q (Qnity Electronics, Inc) is a stock, while ^GSPC (S&P 500 Index) is an index. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
Q vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, Q achieves a 74.17% return, which is significantly higher than ^GSPC's 7.86% return.
Q
- 1D
- -8.24%
- 1M
- -4.90%
- YTD
- 74.17%
- 6M
- 73.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 24.32%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
Q vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
Q Qnity Electronics, Inc | 74.17% | -15.76% |
^GSPC S&P 500 Index | 7.86% | -0.09% |
Correlation
The correlation between Q and ^GSPC is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025 | 0.60 |
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Return for Risk
Q vs. ^GSPC — Risk / Return Rank
Q
^GSPC
Q vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Qnity Electronics, Inc (Q) and S&P 500 Index (^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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| Q | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.01 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.65 | 0.47 | +1.18 |
Drawdowns
Q vs. ^GSPC - Drawdown Comparison
The maximum Q drawdown since its inception was -27.12%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for Q and ^GSPC.
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Drawdown Indicators
| Q | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.12% | -56.78% | +29.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -15.58% | -2.97% | -12.61% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -10.72% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Q vs. ^GSPC - Volatility Comparison
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Volatility by Period
| Q | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 56.52% | 12.20% | +44.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.52% | 16.93% | +39.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.52% | 18.08% | +38.44% |
Frequently Asked Questions
Q and ^GSPC have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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