SHAPX vs. ^GSPC
Compare and contrast key facts about ClearBridge Appreciation Fund (SHAPX) and S&P 500 (^GSPC).
SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHAPX or ^GSPC.
Correlation
The correlation between SHAPX and ^GSPC is 0.95, 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
SHAPX vs. ^GSPC - Performance Comparison
Key characteristics
SHAPX:
1.06
^GSPC:
2.06
SHAPX:
1.31
^GSPC:
2.74
SHAPX:
1.24
^GSPC:
1.38
SHAPX:
1.27
^GSPC:
3.13
SHAPX:
4.12
^GSPC:
12.83
SHAPX:
3.62%
^GSPC:
2.07%
SHAPX:
14.02%
^GSPC:
12.85%
SHAPX:
-81.35%
^GSPC:
-56.78%
SHAPX:
-8.56%
^GSPC:
-0.67%
Returns By Period
In the year-to-date period, SHAPX achieves a 2.71% return, which is significantly lower than ^GSPC's 2.85% return. Over the past 10 years, SHAPX has underperformed ^GSPC with an annualized return of 6.60%, while ^GSPC has yielded a comparatively higher 11.45% annualized return.
SHAPX
2.71%
1.98%
-0.28%
13.59%
6.49%
6.60%
^GSPC
2.85%
2.00%
8.88%
24.72%
12.77%
11.45%
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Risk-Adjusted Performance
SHAPX vs. ^GSPC — Risk-Adjusted Performance Rank
SHAPX
^GSPC
SHAPX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Appreciation Fund (SHAPX) 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
SHAPX vs. ^GSPC - Drawdown Comparison
The maximum SHAPX drawdown since its inception was -81.35%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SHAPX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
SHAPX vs. ^GSPC - Volatility Comparison
The current volatility for ClearBridge Appreciation Fund (SHAPX) is 4.50%, while S&P 500 (^GSPC) has a volatility of 5.14%. This indicates that SHAPX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.