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:
0.27
^GSPC:
0.46
RNR:
0.53
^GSPC:
0.77
RNR:
1.07
^GSPC:
1.11
RNR:
0.33
^GSPC:
0.47
RNR:
0.77
^GSPC:
1.94
RNR:
9.89%
^GSPC:
4.61%
RNR:
28.39%
^GSPC:
19.44%
RNR:
-45.67%
^GSPC:
-56.78%
RNR:
-17.87%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, RNR achieves a -5.25% return, which is significantly higher than ^GSPC's -6.06% return. Over the past 10 years, RNR has underperformed ^GSPC with an annualized return of 9.65%, while ^GSPC has yielded a comparatively higher 10.15% annualized return.
RNR
-5.25%
-4.61%
-12.02%
8.12%
10.56%
9.65%
^GSPC
-6.06%
-2.95%
-4.87%
8.34%
13.98%
10.15%
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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) and S&P 500 (^GSPC) have volatilities of 13.87% and 14.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.