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:
0.26
^GSPC:
0.25
RNR:
0.50
^GSPC:
0.41
RNR:
1.07
^GSPC:
1.06
RNR:
0.32
^GSPC:
0.30
RNR:
0.75
^GSPC:
1.15
RNR:
8.94%
^GSPC:
3.18%
RNR:
25.89%
^GSPC:
14.78%
RNR:
-45.67%
^GSPC:
-56.78%
RNR:
-13.06%
^GSPC:
-12.17%
Returns By Period
In the year-to-date period, RNR achieves a 0.31% return, which is significantly higher than ^GSPC's -8.25% return. Over the past 10 years, RNR has outperformed ^GSPC with an annualized return of 10.59%, while ^GSPC has yielded a comparatively lower 10.02% annualized return.
RNR
0.31%
3.44%
-9.21%
8.56%
12.94%
10.59%
^GSPC
-8.25%
-6.60%
-5.32%
3.55%
16.80%
10.02%
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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
The current volatility for RenaissanceRe Holdings Ltd. (RNR) is 6.48%, while S&P 500 (^GSPC) has a volatility of 7.38%. This indicates that RNR experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.