RNR vs. ^GSPC
Compare and contrast key facts about RenaissanceRe Holdings Ltd. (RNR) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNR or ^GSPC.
Correlation
The correlation between RNR 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
RNR vs. ^GSPC - Performance Comparison
Key characteristics
RNR:
0.08
^GSPC:
-0.27
RNR:
0.28
^GSPC:
-0.24
RNR:
1.04
^GSPC:
0.97
RNR:
0.09
^GSPC:
-0.23
RNR:
0.23
^GSPC:
-1.14
RNR:
9.18%
^GSPC:
3.73%
RNR:
26.93%
^GSPC:
15.94%
RNR:
-45.67%
^GSPC:
-56.78%
RNR:
-21.06%
^GSPC:
-18.90%
Returns By Period
In the year-to-date period, RNR achieves a -8.93% return, which is significantly higher than ^GSPC's -15.28% return. Both investments have delivered pretty close results over the past 10 years, with RNR having a 9.28% annualized return and ^GSPC not far behind at 9.04%.
RNR
-8.93%
-7.07%
-13.21%
2.09%
7.45%
9.28%
^GSPC
-15.28%
-13.65%
-13.36%
-4.22%
12.35%
9.04%
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Risk-Adjusted Performance
RNR vs. ^GSPC — Risk-Adjusted Performance Rank
RNR
^GSPC
RNR vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RenaissanceRe Holdings Ltd. (RNR) 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
RNR vs. ^GSPC - Drawdown Comparison
The maximum RNR drawdown since its inception was -45.67%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for RNR and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
RNR vs. ^GSPC - Volatility Comparison
RenaissanceRe Holdings Ltd. (RNR) has a higher volatility of 10.45% compared to S&P 500 (^GSPC) at 9.03%. This indicates that RNR'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.