QXO vs. ^GSPC

Last updated Jun 5, 2026

QXO (QXO, Inc) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, QXO returned 8.23%/yr vs 13.65%/yr for ^GSPC. At a 0.13 correlation, their price movements are largely independent.

Performance

QXO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QXO, Inc (QXO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QXO achieves a -15.86% return, which is significantly lower than ^GSPC's 10.79% return. Over the past 10 years, QXO has underperformed ^GSPC with an annualized return of 8.23%, while ^GSPC has yielded a comparatively higher 13.65% annualized return.

QXO

• 1D: -1.28%
• 1M: -13.99%
• YTD: -15.86%
• 6M: -21.14%
• 1Y: -5.58%
• 3Y*: -6.70%
• 5Y*: -18.68%
• 10Y*: 8.23%

^GSPC

• 1D: 0.41%
• 1M: 4.48%
• YTD: 10.79%
• 6M: 10.60%
• 1Y: 27.02%
• 3Y*: 21.07%
• 5Y*: 12.39%
• 10Y*: 13.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QXO vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QXO QXO, Inc	-15.86%	21.32%	-86.06%	508.46%	-33.78%	63.72%	-17.22%	92.05%	-45.15%	43.66%
^GSPC S&P 500 Index	10.79%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Correlation

The correlation between QXO and ^GSPC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Mar 16, 2012	0.13

Over the past year, QXO and ^GSPC have become more correlated (0.46) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

QXO vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QXO

QXO Risk / Return Rank: 37
QXO Sharpe Ratio Rank: 37
QXO Sortino Ratio Rank: 38
QXO Omega Ratio Rank: 37
QXO Calmar Ratio Rank: 38
QXO Martin Ratio Rank: 37

^GSPC

^GSPC Risk / Return Rank: 80
^GSPC Sharpe Ratio Rank: 79
^GSPC Sortino Ratio Rank: 79
^GSPC Omega Ratio Rank: 79
^GSPC Calmar Ratio Rank: 76
^GSPC Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QXO vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QXO, Inc (QXO) 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.

	QXO	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	2.28	-2.38
Sortino ratio: Return per unit of downside risk	0.33	3.12	-2.80
Omega ratio: Gain probability vs. loss probability	1.04	1.41	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.14	2.98	-3.12
Martin ratio: Return relative to average drawdown	-0.28	13.78	-14.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QXO vs. ^GSPC - Sharpe Ratio Comparison

The current QXO Sharpe Ratio is -0.09, which is lower than the ^GSPC Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of QXO and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QXO	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	2.28	-2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	0.74	-0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.76	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.47	-0.42

Drawdowns

QXO vs. ^GSPC - Drawdown Comparison

The maximum QXO drawdown since its inception was -95.44%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for QXO and ^GSPC.

Drawdown Indicators

	QXO	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-95.44%	-56.78%	-38.66%
Max Drawdown (1Y) Largest decline over 1 year	-41.08%	-9.10%	-31.98%
Max Drawdown (3Y) Largest decline over 3 years	-95.44%	-18.90%	-76.54%
Max Drawdown (5Y) Largest decline over 5 years	-95.44%	-25.43%	-70.01%
Max Drawdown (10Y) Largest decline over 10 years	-95.44%	-33.92%	-61.52%
Current Drawdown Current decline from peak	-93.11%	-0.33%	-92.78%
Average Drawdown Average peak-to-trough decline	-56.35%	-10.72%	-45.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.98%	1.97%	+18.01%

Volatility

QXO vs. ^GSPC - Volatility Comparison

QXO, Inc (QXO) has a higher volatility of 16.10% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that QXO'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.

Volatility by Period

	QXO	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.10%	2.88%	+13.22%
Volatility (6M) Calculated over the trailing 6-month period	46.14%	9.00%	+37.14%
Volatility (1Y) Calculated over the trailing 1-year period	60.15%	11.89%	+48.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.36%	16.90%	+128.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.54%	18.06%	+105.48%

Frequently Asked Questions

Can I hold both QXO and ^GSPC in my portfolio?

QXO and ^GSPC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QXO or ^GSPC?

QXO has higher volatility (16.10%) compared to ^GSPC (2.88%). In terms of maximum drawdown, QXO dropped -95.44% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (2.28 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.