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
Key characteristics
RNR:
0.27
^SP500TR:
0.34
RNR:
0.51
^SP500TR:
0.54
RNR:
1.07
^SP500TR:
1.07
RNR:
0.33
^SP500TR:
0.42
RNR:
0.77
^SP500TR:
1.62
RNR:
8.96%
^SP500TR:
3.12%
RNR:
25.88%
^SP500TR:
14.79%
RNR:
-45.67%
^SP500TR:
-55.25%
RNR:
-14.38%
^SP500TR:
-12.01%
Returns By Period
In the year-to-date period, RNR achieves a -1.22% return, which is significantly higher than ^SP500TR's -7.94% return. Over the past 10 years, RNR has underperformed ^SP500TR with an annualized return of 10.32%, while ^SP500TR has yielded a comparatively higher 12.02% annualized return.
RNR
-1.22%
0.44%
-10.13%
7.50%
12.58%
10.32%
^SP500TR
-7.94%
-6.49%
-4.69%
4.96%
18.62%
12.02%
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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.
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.
Volatility
RNR vs. ^SP500TR - Volatility Comparison
The current volatility for RenaissanceRe Holdings Ltd. (RNR) is 6.68%, while S&P 500 Total Return (^SP500TR) has a volatility of 7.38%. This indicates that RNR experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.