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:
0.23
^GSPC:
1.68
RNR:
0.46
^GSPC:
2.28
RNR:
1.07
^GSPC:
1.31
RNR:
0.31
^GSPC:
2.55
RNR:
0.87
^GSPC:
10.40
RNR:
6.78%
^GSPC:
2.08%
RNR:
25.52%
^GSPC:
12.85%
RNR:
-45.67%
^GSPC:
-56.78%
RNR:
-16.55%
^GSPC:
-1.52%
Returns By Period
In the year-to-date period, RNR achieves a -3.73% return, which is significantly lower than ^GSPC's 2.45% return. Over the past 10 years, RNR has underperformed ^GSPC with an annualized return of 9.79%, while ^GSPC has yielded a comparatively higher 11.31% annualized return.
RNR
-3.73%
-5.44%
1.83%
6.43%
4.79%
9.79%
^GSPC
2.45%
1.82%
12.76%
20.57%
12.64%
11.31%
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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 11.08% compared to S&P 500 (^GSPC) at 3.86%. 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.