Correlation
The correlation between SAR and ^GSPC is 0.25, 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.
SAR vs. ^GSPC
Compare and contrast key facts about Saratoga Investment Corp. (SAR) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SAR or ^GSPC.
Performance
SAR vs. ^GSPC - Performance Comparison
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Key characteristics
SAR:
0.98
^GSPC:
0.66
SAR:
1.32
^GSPC:
0.94
SAR:
1.21
^GSPC:
1.14
SAR:
1.45
^GSPC:
0.60
SAR:
5.50
^GSPC:
2.28
SAR:
3.78%
^GSPC:
5.01%
SAR:
21.97%
^GSPC:
19.77%
SAR:
-90.83%
^GSPC:
-56.78%
SAR:
-1.04%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, SAR achieves a 9.05% return, which is significantly higher than ^GSPC's 0.51% return. Over the past 10 years, SAR has outperformed ^GSPC with an annualized return of 14.01%, while ^GSPC has yielded a comparatively lower 10.85% annualized return.
SAR
9.05%
0.48%
4.59%
20.45%
9.68%
21.83%
14.01%
^GSPC
0.51%
3.96%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
SAR vs. ^GSPC — Risk-Adjusted Performance Rank
SAR
^GSPC
SAR vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Investment Corp. (SAR) 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.
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Drawdowns
SAR vs. ^GSPC - Drawdown Comparison
The maximum SAR drawdown since its inception was -90.83%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SAR and ^GSPC.
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Volatility
SAR vs. ^GSPC - Volatility Comparison
Saratoga Investment Corp. (SAR) has a higher volatility of 10.00% compared to S&P 500 (^GSPC) at 4.77%. This indicates that SAR'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.
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