SHLS vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Shoals Technologies Group, Inc. (SHLS) and S&P 500 Index (^GSPC).

Performance

SHLS vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shoals Technologies Group, Inc. (SHLS) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

SHLS vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SHLS Shoals Technologies Group, Inc.	-18.82%	53.71%	-64.41%	-37.01%	1.52%	-21.56%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	27.07%

Returns By Period

In the year-to-date period, SHLS achieves a -18.82% return, which is significantly lower than ^GSPC's -3.95% return.

SHLS

• 1D: 4.86%
• 1M: 15.77%
• YTD: -18.82%
• 6M: -12.99%
• 1Y: 111.66%
• 3Y*: -32.85%
• 5Y*: -27.55%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SHLS vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHLS

SHLS Risk / Return Rank: 78
SHLS Sharpe Ratio Rank: 79
SHLS Sortino Ratio Rank: 76
SHLS Omega Ratio Rank: 77
SHLS Calmar Ratio Rank: 79
SHLS Martin Ratio Rank: 78

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHLS vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shoals Technologies Group, Inc. (SHLS) and S&P 500 Index (^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.

	SHLS	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.26	0.92	+0.34
Sortino ratio Return per unit of downside risk	1.92	1.41	+0.51
Omega ratio Gain probability vs. loss probability	1.27	1.21	+0.05
Calmar ratio Return relative to maximum drawdown	2.28	1.41	+0.86
Martin ratio Return relative to average drawdown	5.50	6.61	-1.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHLS vs. ^GSPC - Sharpe Ratio Comparison

The current SHLS Sharpe Ratio is 1.26, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of SHLS and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SHLS	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	0.92	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	0.61	-0.97
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.32	0.46	-0.78

Correlation

The correlation between SHLS and ^GSPC is 0.39, 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.

Drawdowns

SHLS vs. ^GSPC - Drawdown Comparison

The maximum SHLS drawdown since its inception was -93.00%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SHLS and ^GSPC.

Drawdown Indicators

	SHLS	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-93.00%	-56.78%	-36.22%
Max Drawdown (1Y) Largest decline over 1 year	-47.37%	-12.14%	-35.23%
Max Drawdown (5Y) Largest decline over 5 years	-92.50%	-25.43%	-67.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-82.82%	-5.78%	-77.04%
Average Drawdown Average peak-to-trough decline	-58.61%	-10.75%	-47.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.59%	2.60%	+16.99%

Volatility

SHLS vs. ^GSPC - Volatility Comparison

Shoals Technologies Group, Inc. (SHLS) has a higher volatility of 19.31% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that SHLS'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.

Volatility by Period

	SHLS	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.31%	5.37%	+13.94%
Volatility (6M) Calculated over the trailing 6-month period	62.85%	9.55%	+53.30%
Volatility (1Y) Calculated over the trailing 1-year period	89.28%	18.33%	+70.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.75%	16.90%	+60.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.07%	18.05%	+60.02%