SBMAX vs. ^GSPC
Compare and contrast key facts about ClearBridge Mid Cap Fund (SBMAX) and S&P 500 (^GSPC).
SBMAX is managed by Franklin Templeton. It was launched on Sep 1, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SBMAX or ^GSPC.
Correlation
The correlation between SBMAX and ^GSPC is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SBMAX vs. ^GSPC - Performance Comparison
Key characteristics
SBMAX:
0.26
^GSPC:
1.59
SBMAX:
0.44
^GSPC:
2.16
SBMAX:
1.06
^GSPC:
1.29
SBMAX:
0.14
^GSPC:
2.40
SBMAX:
0.81
^GSPC:
9.79
SBMAX:
5.61%
^GSPC:
2.08%
SBMAX:
17.32%
^GSPC:
12.86%
SBMAX:
-59.67%
^GSPC:
-56.78%
SBMAX:
-27.34%
^GSPC:
-1.09%
Returns By Period
The year-to-date returns for both stocks are quite close, with SBMAX having a 2.98% return and ^GSPC slightly lower at 2.90%. Over the past 10 years, SBMAX has underperformed ^GSPC with an annualized return of 1.20%, while ^GSPC has yielded a comparatively higher 11.21% annualized return.
SBMAX
2.98%
2.47%
4.98%
6.22%
-0.35%
1.20%
^GSPC
2.90%
3.70%
10.94%
22.18%
12.41%
11.21%
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Risk-Adjusted Performance
SBMAX vs. ^GSPC — Risk-Adjusted Performance Rank
SBMAX
^GSPC
SBMAX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Mid Cap Fund (SBMAX) 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
SBMAX vs. ^GSPC - Drawdown Comparison
The maximum SBMAX drawdown since its inception was -59.67%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SBMAX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
SBMAX vs. ^GSPC - Volatility Comparison
ClearBridge Mid Cap Fund (SBMAX) has a higher volatility of 3.96% compared to S&P 500 (^GSPC) at 3.52%. This indicates that SBMAX'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.