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:
1.02
^GSPC:
1.90
RNR:
1.45
^GSPC:
2.54
RNR:
1.20
^GSPC:
1.35
RNR:
1.60
^GSPC:
2.87
RNR:
4.43
^GSPC:
11.84
RNR:
5.70%
^GSPC:
2.06%
RNR:
24.79%
^GSPC:
12.86%
RNR:
-45.67%
^GSPC:
-56.78%
RNR:
-11.17%
^GSPC:
-2.30%
Returns By Period
In the year-to-date period, RNR achieves a 2.49% return, which is significantly higher than ^GSPC's 1.16% return. Both investments have delivered pretty close results over the past 10 years, with RNR having a 11.25% annualized return and ^GSPC not far ahead at 11.44%.
RNR
2.49%
-2.01%
11.48%
22.68%
6.61%
11.25%
^GSPC
1.16%
-2.04%
6.47%
24.84%
12.36%
11.44%
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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 8.13% compared to S&P 500 (^GSPC) at 4.97%. 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.