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:
0.91
^SP500TR:
2.03
RNR:
1.31
^SP500TR:
2.71
RNR:
1.18
^SP500TR:
1.38
RNR:
1.42
^SP500TR:
3.03
RNR:
4.81
^SP500TR:
13.52
RNR:
4.68%
^SP500TR:
1.89%
RNR:
24.85%
^SP500TR:
12.59%
RNR:
-45.67%
^SP500TR:
-55.25%
RNR:
-15.83%
^SP500TR:
-3.54%
Returns By Period
The year-to-date returns for both investments are quite close, with RNR having a 24.07% return and ^SP500TR slightly higher at 24.77%. Over the past 10 years, RNR has underperformed ^SP500TR with an annualized return of 10.53%, while ^SP500TR has yielded a comparatively higher 13.05% annualized return.
RNR
24.07%
-7.47%
7.48%
21.63%
4.86%
10.53%
^SP500TR
24.77%
-0.24%
7.73%
24.86%
14.61%
13.05%
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Risk-Adjusted Performance
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
RenaissanceRe Holdings Ltd. (RNR) has a higher volatility of 8.79% compared to S&P 500 Total Return (^SP500TR) at 3.65%. 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.