SHEL vs. SPG
SHEL (Shell plc) and SPG (Simon Property Group, Inc.) are both stocks. SHEL operates in Oil & Gas Integrated (Energy), while SPG operates in REIT - Retail (Real Estate). Over the past 10 years, SHEL returned 10.35%/yr vs 6.11%/yr for SPG. At a 0.33 correlation, their price movements are largely independent.
Performance
SHEL vs. SPG - Performance Comparison
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Returns By Period
In the year-to-date period, SHEL achieves a 18.73% return, which is significantly lower than SPG's 21.01% return. Over the past 10 years, SHEL has outperformed SPG with an annualized return of 10.35%, while SPG has yielded a comparatively lower 6.11% annualized return.
SHEL
- 1D
- -0.22%
- 1M
- 1.77%
- YTD
- 18.73%
- 6M
- 20.62%
- 1Y
- 24.51%
- 3Y*
- 18.27%
- 5Y*
- 22.23%
- 10Y*
- 10.35%
SPG
- 1D
- 1.95%
- 1M
- 10.41%
- YTD
- 21.01%
- 6M
- 23.06%
- 1Y
- 44.50%
- 3Y*
- 32.01%
- 5Y*
- 16.57%
- 10Y*
- 6.11%
SHEL vs. SPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHEL Shell plc | 18.73% | 22.16% | -0.87% | 20.19% | 36.18% | 34.27% | -41.08% | 6.38% | -7.23% | 21.67% |
SPG Simon Property Group, Inc. | 21.01% | 12.94% | 26.92% | 29.24% | -21.91% | 95.72% | -38.64% | -6.74% | 2.55% | 0.98% |
Correlation
The correlation between SHEL and SPG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2005 | 0.33 |
The correlation between SHEL and SPG shifts across timeframes, from -0.03 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
Fundamentals
SHEL:
$6.39
SPG:
$17.14
SHEL:
13.40
SPG:
12.78
SHEL:
0.67
SPG:
0.51
SHEL:
0.94
SPG:
8.07
SHEL:
$266.82B
SPG:
$6.65B
SHEL:
$41.65B
SPG:
$5.71B
SHEL:
$57.44B
SPG:
$7.77B
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Return for Risk
SHEL vs. SPG — Risk / Return Rank
SHEL
SPG
SHEL vs. SPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shell plc (SHEL) and Simon Property Group, Inc. (SPG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHEL | SPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.88 | -1.60 |
| Martin ratioReturn relative to average drawdown | 6.17 | 14.03 | -7.86 |
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Drawdowns
SHEL vs. SPG - Drawdown Comparison
The maximum SHEL drawdown since its inception was -71.57%, smaller than the maximum SPG drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for SHEL and SPG.
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Drawdown Indicators
| SHEL | SPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.57% | -77.00% | +5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -11.54% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -24.32% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.04% | -45.84% | +20.80% |
Max Drawdown (10Y)Largest decline over 10 years | -71.57% | -77.00% | +5.43% |
Current DrawdownCurrent decline from peak | -8.19% | 0.00% | -8.19% |
Average DrawdownAverage peak-to-trough decline | -16.73% | -13.83% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 3.18% | +0.81% |
Volatility
SHEL vs. SPG - Volatility Comparison
Shell plc (SHEL) has a higher volatility of 5.99% compared to Simon Property Group, Inc. (SPG) at 5.43%. This indicates that SHEL's price experiences larger fluctuations and is considered to be riskier than SPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHEL | SPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 5.43% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 14.08% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.98% | 18.76% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.21% | 26.55% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.83% | 37.08% | -6.25% |
Dividends
SHEL vs. SPG - Dividend Comparison
SHEL's dividend yield for the trailing twelve months is around 3.45%, less than SPG's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHEL Shell plc | 3.45% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
SPG Simon Property Group, Inc. | 4.02% | 4.62% | 4.70% | 5.22% | 5.87% | 3.66% | 7.04% | 5.57% | 4.70% | 4.16% | 3.66% | 3.11% |
Financials
SHEL vs. SPG - Financials Comparison
This section allows you to compare key financial metrics between Shell plc and Simon Property Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SHEL vs. SPG - Profitability Comparison
SHEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shell plc reported a gross profit of 13.31B and revenue of 69.57B. Therefore, the gross margin over that period was 19.1%.
SPG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported a gross profit of 1.45B and revenue of 1.76B. Therefore, the gross margin over that period was 82.5%.
SHEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shell plc reported an operating income of 10.35B and revenue of 69.57B, resulting in an operating margin of 14.9%.
SPG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported an operating income of 762.16M and revenue of 1.76B, resulting in an operating margin of 43.4%.
SHEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shell plc reported a net income of 5.68B and revenue of 69.57B, resulting in a net margin of 8.2%.
SPG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported a net income of 1.48K and revenue of 1.76B, resulting in a net margin of 0.0%.
Frequently Asked Questions
SHEL and SPG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHEL has higher volatility (5.99%) compared to SPG (5.43%). In terms of maximum drawdown, SHEL dropped -71.57% vs SPG's -77.00%.
SPG currently has the higher Sharpe Ratio (2.38 vs 1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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