QXO vs. ^GSPC
QXO (QXO, Inc) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, QXO returned 8.56%/yr vs 13.70%/yr for ^GSPC. At a 0.13 correlation, their price movements are largely independent.
Performance
QXO vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, QXO achieves a -7.83% return, which is significantly lower than ^GSPC's 7.43% return. Over the past 10 years, QXO has underperformed ^GSPC with an annualized return of 8.56%, while ^GSPC has yielded a comparatively higher 13.70% annualized return.
QXO
- 1D
- -1.22%
- 1M
- 2.18%
- YTD
- -7.83%
- 6M
- -16.29%
- 1Y
- -18.14%
- 3Y*
- -7.64%
- 5Y*
- -23.41%
- 10Y*
- 8.56%
^GSPC
- 1D
- -0.05%
- 1M
- -2.21%
- YTD
- 7.43%
- 6M
- 6.12%
- 1Y
- 19.75%
- 3Y*
- 18.87%
- 5Y*
- 11.43%
- 10Y*
- 13.70%
QXO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QXO QXO, Inc | -7.83% | 21.32% | -86.06% | 508.46% | -33.78% | 63.72% | -17.22% | 92.05% | -45.15% | 43.66% |
^GSPC S&P 500 Index | 7.43% | 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 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
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 15, 2012 | 0.13 |
Over the past year, QXO and ^GSPC have become more correlated (0.49) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
QXO vs. ^GSPC — Risk / Return Rank
QXO
^GSPC
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QXO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 2.18 | -2.59 |
| Martin ratioReturn relative to average drawdown | -0.92 | 9.54 | -10.46 |
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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.
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Drawdown Indicators
| QXO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.44% | -56.78% | -38.66% |
Max Drawdown (1Y)Largest decline over 1 year | -44.37% | -9.10% | -35.27% |
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 DrawdownCurrent decline from peak | -92.45% | -3.36% | -89.09% |
Average DrawdownAverage peak-to-trough decline | -56.49% | -10.71% | -45.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.75% | 2.07% | +17.68% |
Volatility
QXO vs. ^GSPC - Volatility Comparison
QXO, Inc (QXO) has a higher volatility of 20.31% compared to S&P 500 Index (^GSPC) at 4.82%. 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.
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Volatility by Period
| QXO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.31% | 4.82% | +15.49% |
Volatility (6M)Calculated over the trailing 6-month period | 49.04% | 9.87% | +39.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.34% | 12.50% | +46.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.08% | 16.99% | +128.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.61% | 18.07% | +105.54% |
Frequently Asked Questions
QXO and ^GSPC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QXO has higher volatility (20.31%) compared to ^GSPC (4.82%). In terms of maximum drawdown, QXO dropped -95.44% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.59 vs -0.31), 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.
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