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:
1.06
^GSPC:
2.06
RNR:
1.49
^GSPC:
2.74
RNR:
1.21
^GSPC:
1.38
RNR:
1.66
^GSPC:
3.13
RNR:
4.51
^GSPC:
12.84
RNR:
5.77%
^GSPC:
2.07%
RNR:
24.66%
^GSPC:
12.87%
RNR:
-45.67%
^GSPC:
-56.78%
RNR:
-10.31%
^GSPC:
-1.54%
Returns By Period
In the year-to-date period, RNR achieves a 3.48% return, which is significantly higher than ^GSPC's 1.96% return. Both investments have delivered pretty close results over the past 10 years, with RNR having a 11.45% annualized return and ^GSPC not far ahead at 11.46%.
RNR
3.48%
6.40%
14.44%
23.54%
6.81%
11.45%
^GSPC
1.96%
2.21%
8.93%
23.90%
12.52%
11.46%
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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 7.71% compared to S&P 500 (^GSPC) at 5.07%. 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.