RNR vs. ^SP500TR
Compare and contrast key facts about RenaissanceRe Holdings Ltd. (RNR) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNR or ^SP500TR.
Correlation
The correlation between RNR and ^SP500TR 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. ^SP500TR - Performance Comparison
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Key characteristics
RNR:
0.14
^SP500TR:
0.59
RNR:
0.44
^SP500TR:
0.95
RNR:
1.06
^SP500TR:
1.14
RNR:
0.25
^SP500TR:
0.62
RNR:
0.53
^SP500TR:
2.36
RNR:
10.69%
^SP500TR:
4.90%
RNR:
28.72%
^SP500TR:
19.69%
RNR:
-45.67%
^SP500TR:
-55.25%
RNR:
-16.68%
^SP500TR:
-4.58%
Returns By Period
In the year-to-date period, RNR achieves a -3.87% return, which is significantly lower than ^SP500TR's -0.15% return. Over the past 10 years, RNR has underperformed ^SP500TR with an annualized return of 9.64%, while ^SP500TR has yielded a comparatively higher 12.63% annualized return.
RNR
-3.87%
-1.94%
-9.49%
4.02%
17.52%
7.79%
9.64%
^SP500TR
-0.15%
10.61%
-1.14%
11.56%
15.46%
16.36%
12.63%
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Risk-Adjusted Performance
RNR vs. ^SP500TR — Risk-Adjusted Performance Rank
RNR
^SP500TR
RNR vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RenaissanceRe Holdings Ltd. (RNR) and S&P 500 Total Return (^SP500TR). 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.
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Drawdowns
RNR vs. ^SP500TR - Drawdown Comparison
The maximum RNR drawdown since its inception was -45.67%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for RNR and ^SP500TR. For additional features, visit the drawdowns tool.
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Volatility
RNR vs. ^SP500TR - Volatility Comparison
RenaissanceRe Holdings Ltd. (RNR) has a higher volatility of 8.80% compared to S&P 500 Total Return (^SP500TR) at 4.58%. This indicates that RNR's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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